‘Indigenous Platforms to Increase India’s Defence Exports’: Experts 

New Delhi: Finding buyers for indigenously-developed platforms is a major challenge for India in its quest to increase defence exports, experts said here on Wednesday. At present, Indian defence exports comprise components that are mostly used by foreign original equipment manufacturers for building larger platforms. In the year 2018-19, the Indian defence exports stood at Rs 10,745 crore. As per industry experts, the target of Rs 35,000 crore, set for the year 2024, is achievable given the pace at which the sector is growing. However, in order to further increase the volume of defence exports, the development of indigenous equipment which is competitive in the international market, both in terms of technology and price, is needed. “Marketing of defence equipment is a big area on which India needs to develop. In advanced economies, heads of state actively promote arms export of private industries. (IANS)

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