May 15, 2019
The export was likely to happen to Southeast Asian and the Persian Gulf region amid "increasing interests" from certain countries
India offers highly-advanced and cost-competitive defence, aerospace equipment and innovation that have found a takers worldwide
India has also taken up partnerships with entities from developed countries to best capture new and developing defence markets
India’s ambition to build a world-scale defence sector was backed by allocation of a record-high sum of US$44.7 billion for defence
Commodore Iyer said that the export was likely to happen to Southeast Asian and the Persian Gulf region amid “increasing interests” from certain countries. The first deal is awaiting a government to government approval. India offers highly-advanced and cost-competitive defence and aerospace equipment as well as innovation that have found a growing number of takers worldwide. India’s state-run space agency, Indian Space Research Organisation, has also emerged as one of the world’s most successful satellite launching firms. The Government’s “Make in India” initiative is aiming to develop India as a manufacturing plant for the world’s defence needs.
The first batch of missiles export from India will happen this year, according to media reports on May 15, citing Commodore S K Iyer, a senior executive with BrahMos Aerospace. Commodore Iyer was addressing a conference at the IMDEX Asia 2019 exhibition being held in Singapore. BrahMos Aerospace is a joint venture of India’s Defence Research and Development Organisation, a military R&D body, and Russia’s NPO Mashinostroyeniya, a rocket design agency. The JV currently manufactures the BrahMos missile that has a range of 300 km with traveling speeds of Mach 2.8 to 3.0. The entity is also developing BrahMos-II, a hypersonic cruise missile.
India is a leading participant at the 12th edition of the biennial IMDEX Asia event, which is Asia Pacific’s premier international maritime defence show and exhibition. Apart from BrahMos Aerospace, India’s L&T Defence & Aerospace showcased at the event. Meanwhile, India has also taken up partnerships with entities from developed countries to best capture new and developing markets. India’s long history of building ships, and now submarines, has further helped assert the reputation. India’s ambition to build a world-scale defence sector has been cemented with the allocation of a record-high sum of over US$44.7 billion for defence and security.