19 Jul INDIA’S DEFENCE EXPORT & IMPORT
INDIA’S DEFENCE EXPORT & IMPORT – Today Current Affairs
TOPIC IN NEWS :- INDIA’S DEFENCE EXPORTS HAVE INCREASED SEVEN TIMES IN THE LAST EIGHT YEARS. (THE HINDU)
Today Current Affairs
OTHER IMPORTANT POINTS :-
- India’s defence imports have decreased by about 21% in the past four or five years.
- P.M Narendra Modi said the country is moving fast from being the “biggest defence importer to a big exporter”. The Hindu Analysis
- Last year, India had achieved defence exports worth ₹13,000 crore and of this, 70% was from the private sector.
- The “SPRINT Challenges” were launched by Prime Minister Narendra Modi, with the aim of development of 75 indigenous technologies/products by the industry for induction into the Navy.
OTHERS IMPORTANT DEVELOPMENT IN DEFENCE : The Hindu Analysis
- Big boost to ‘Atmanirbhar Bharat’ with induction of MBT Arjun Mk-1A in Army, LCA (Tejas) in IAF, ALH Mk-III in Indian Navy and ICG
- Around 100 bridges, roads, tunnels constructed by BRO inaugurated in 2021.
- The new Defence Acquisition Procedure (DAP) 2020 has been promulgated in October 2020 as an enabling document that lays emphasis on indigenous production and self-reliance under the ‘Atmanirbhar Bharat’ initiative and further streamlines capital procurements for the Army. The Hindu Analysis
- Ministry of Defence has signed more than 180 contracts with the Indian industry between June 2014 and December 2019, worth approximately $25.8 billion
- The Army Design Bureau (ADB), since its raising in 2017, has made major forays in supporting R&D/ harnessing technology with an extensive outreach to industry, academia and ushering a collaborative engagement with the technology providers, manufacturers and users.
SOURCE :- PIB
Stockholm International Peace Research Institute (SIPRI)- Report – 2022 : The Hindu Analysis
- During 2016-2020, 164 states were major arms importers. The five largest arms importer states were Saudi Arabia, India, Egypt, Australia and China, which together accounted for 36% of total arms imports.
- The five largest exporters of arms in 2016-20 – the United States, Russia, France, Germany and China – accounted for 76% of the total volume of exports of major arms. The Hindu Analysis
- The nine nuclear-armed states are the U.S.A, Russia, U. K, France, China, India, Pakistan, Israel and North Korea —continue to modernize their nuclear arsenals.
- Total number of nuclear weapons declined slightly between January 2021 and January 2022.
- India had 160 nuclear warheads as of January 2022 and it appears to be expanding its nuclear arsenal. India’s nuclear stockpile increased from 156 in January 2021 to 160 in January 2022. The Hindu Analysis
- As per the numbers of nuclear warheads India is at seventh position, after Russia, USA, China, France, UK, Pakistan.
- Russia and the USA together possess over 90% of all nuclear weapons.
Stockholm International Peace Research Institute (SIPRI) : The Hindu Analysis
- It is an international institute based in Stockholm (Sweden)
- Type – Global Think Tank
- Formed in May-1966
- Dedicated to research into conflict, armaments, arm control and disarmament.
- Provide data, analysis and recommendations, based on open sources, to policymakers, researchers, media and the interested public.
- Its publications and information material are distributed to a wide range of policy makers, researchers, journalists, organizations etc.
- Its financial support is primarily drawn from governments and independent philanthropic organizations around the world.