Just a matter of one year… India will not buy arms from foreign countries again, know on whom it is dependent now - Newztezz Online

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Wednesday, May 8, 2024

Just a matter of one year… India will not buy arms from foreign countries again, know on whom it is dependent now


Just a matter of one year, then India will not buy arms from foreign countries. An army officer gave this information. India buys most arms from Russia. France is the second largest arms supplier to India and the US (13%) is the third largest supplier.

Indian Army will not buy weapons from foreign countries from the year 2025. An army officer gave this information. The Army is aiming to stop all imports of ammunition from the next financial year as the domestic industry has increased its capacity to meet all the demands, he said. The official further said that even a larger share of the global market is set to be gained.

Chief of Army Staff (COAS) General Manoj Pandey has also given a statement regarding this. He said that the Indian Army is becoming a partner of Indian industry in development and production from being a buyer of weapons. He said that the concept of National Champion has been adopted to prepare arms suppliers at national and global level. He further said that the Indian defense industry is investing in research and advanced production technologies.

What does the report say?

The report of Stockholm International Peace Research Institute (SIPRI), a European think tank that monitors arms sales globally, says that India remains the world's top arms importer. This accounts for 9.8% of global arms sales.

Russia remains India's main arms supplier. It accounts for 36% of its arms imports. However, its overall share is decreasing as India is now dependent on western countries and indigenous suppliers for military hardware and software. After Russia, France (33%) is the second largest arms supplier to India and the US (13%) is the third largest supplier of arms to India.

India's arms imports accounted for 11% of global arms sales between 2018-22. Therefore, there has been a slight decline in the period 2019-2023. According to a report, India is followed by Saudi Arabia (8.4%), Qatar (7.6%), Ukraine (4.9%), Pakistan (4.3%), Japan (4.1%), Egypt (4%), among the top 10 arms importers. Australia (3.7%), South Korea (3.1%) and China (2.9%).

What was the target of defense exports?

India aims to more than triple its annual defense exports to Rs 35,000 crore by 2024-25. According to the Defense Ministry, the country's defense exports broke the record in the financial year 2022-23. It touched the figure of approximately Rs 16,000 crore. India's military exports have witnessed significant growth in the last few years.

These exports include missiles, artillery guns, rockets, armored vehicles, various radars and ammunition. According to Defense Ministry data, India has exported bullet-proof jackets to 34 countries, including Australia, Japan, Israel and Brazil. About 10 countries, including the United Arab Emirates (UAE), Egypt, Indonesia and Thailand, have purchased ammunition (ranging between 5.56 mm to 155 mm) from India.


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