(Image source from: livemint.com)
The companies have been authorized by the Center in order to export the military equipment to around 42 countries across the world which includes the United Arab Emirates, Sweden and Singapore, as said by Shripad Naik who is the minister of State for Defence.
He has also said in a written reply to a question that has been asked in the Rajya Sabha where in he has said the defence exports of India have increased sever- fold in the last two years. The defence exports have been increased from Rs 1,521 crore in the years 2016- 17 to Rs 10,745 crore in the years 2018- 2019.
The minister has said that over Rs 1,834 crore has been invested by around 79 companies through the Foreign Direct Investment (FDI) route in defence and the aerospace sector after the year 2014.
Minister of State for defence has mentioned the countries for which the authorization for the export has been received as Australia, Finland, Germany, Israel, United States of America, Spain, Saudi Arabia and Sri Lanka as few among the 42 countries.
He has also said that the authorization has been received from India regarding the export of Dornier Do 228 aircraft and coastal surveillance system to Seychelles.
The minister has mentioned that the government of India has also authorized the companies in order to export helmets, bomb suppression blankets, soft armour panels and catridges to Germany.
The approval has been given by the Centre in order to export the passive night vision devices to Finland and to export the vehicles that are mine protected, over- vests, helmets, soft armour panels and civil helicopter protection equipment to the United Arab Emirates.
The Centre has also authorized India to export bulk memory control cards, amplifiers and spare parts for the radar systems among the other various devices to Sri Lanka.
India is authorized to export radar distribution cards, amplifiers and spare parts for radar systems and other devices to Singapore, as mentioned by Shripad Naik.
He added saying that the companies have been authorized for exporting 155*52mm calibre barrel artillery system to Sweden and the helmets, hard armour panels, soft armour panels and other equipment to the United States of America.
By Shrithika Kushangi