Indian defence exports will touch $2 billion – six times the current export of defence equipments - by 2019, Defence Minister Manohar Parrikar said at the Defence Research and Development Organization on Tuesday.
India exported ₹1,100 crore worth of defence equipment in 2013-14, ₹1,582 crore in 2014-15. In 2016, Indian defence equipment exports stood at ₹2,060 crore.
India is looking at countries like Vietnam, Mauritius, Bangladesh, Philippines, Afghanistan and Oman to export defence equipment. The items that India is looking to export include bridging equipment, missiles, warships, Off-Shore Patrol Vessels (OPVs), Self Propelled Artillery Guns (SP Guns), the Defence Minister said adding that Oman is keen to export border fencing equipment from India.
