The Modi government has taken a big decision in the defence sector today, on 30 December. The Union Cabinet on Wednesday approved the export of Akash missile system. Defense Minister Rajnath Singh tweeted this information. In the tweet, he has written that the Akash missile system which will be exported will be different from the system deployed in the Indian military services.
Defense Minister Rajnath Singh tweeted that under self-reliant India, India is increasing its capacity in terms of defence platform and missile construction. He informed by tweeting that the Union Cabinet chaired by Prime Minister Narendra Modi has approved the export of Akash missile system and also approved the formation of a committee of approval as soon as possible. Akash is a surface-to-air missile with a range of 25 km.
The export system will be different from the Indian version
Under the proposal approved by the Union Cabinet, the Akash missile system exported will be different from the system deployed in the Indian Army. The Defense Minister said that till now the exports from the defence sector including parts and components etc. have been very low, but now the situation is changing gradually. They believe that this decision of the Cabinet will improve the quality of defence products and make them competitive globally.
Under the #AtmaNirbharBharat, India is growing in its capabilities of manufacturing wide variety of Defence platforms & missiles.
The Cabinet chaired by PM arenarendramodi ji today approved the export of Akash Missile System and a Committee for faster Approvals has been created.
– Rajnath Singh (@rajnathsingh) December 30, 2020
The target for defence export of $ 500 million
The Defense Minister tweeted that the central government aims to increase India’s stake in the defence sector. A target of $ 500 million (Rs 36.6 thousand crores) has been set for defence exports. Apart from this, efforts will be made to improve strategic relations with people with whom India has friendly relations.