With its ambitious target to achieve Rs 35,000 crore worth of military exports by 2025, the government has drawn up a list of 85 countries that it wants to promote its defence industry in and has empowered its defence attaches across the world to showcase Indian capabilities.
In a new initiative, the defence attaches will be given an annual budget of up to $50,000 each for promoting exports of made-in-India defence products from both public and private sectors by participating in exhibitions, conducting market studies, organising seminars and distributing publicity material.
Last year, defence attaches had been summoned to India to discuss ways and means to promote sales. They even held meetings with representations of the arms industry and officials from the defence and external affairs ministries. Read More