India's Defense Industry in a nutshell

Based on SIPRI (Stockholm International Peace Research Institute) Arm’s exporter report for 2015-19, India ranked for the first time at 23rd position out of 25 nations. India’s defense export in 2015-19 increased by a staggering 426% from 2010-14 list. Though India’s export is mere 0.2% of World’s total. India’s defense export for 2015-16 was ₹1521crore, which rose to ₹4682crore in 2017-18 and finally rose further to ₹10745crore in 2018-19. Out of total export, 46% goes to Myanmar, 25% to Sri Lanka and 14% to Mauritius. India has been exporting arms since 1959 to a select few, friendly countries. The exports were sporadic and technology available was ageing. By 2013-14, our exports were a meagre $113 million (at then exchange rates). USA is at top with 36% of World’s total, followed by Russia with 21% and China is at 5th position with 5.5% of World’s total. India’s defense import in 2015-19 decreased 32% from 2010-14 list, which 9.2% of Global import. India has delivered a kilo class submarine INS Sindhuvir to Myanmar Navy and this will be the first submarine of the neighboring country. The step is in accordance with India’s vision of SAGAR (Security and Growth for All in the Region) and also in line with India’s commitment to building capacities and self-reliance in the neighboring countries.

Based on SIPRI list of Top Defense exporting companies (2018) excluding China, 3 Indian company made to the top 100.

#38 - Hindustan Aeronautics Limited (HAL) - US$ 2.74 billion (95%)

#56 - Indian Ordnance Factories - US$ 1.65 billion (98%)

#62 - Bharat Electronics Limited (BEL) - US$ 1.46 billion (85%)

Bharat Dynamic Limited (BDL), headquartered in Hyderabad, has a revenue of ₹3,095.20 crore (US$430 million) in FY20. Godrej Aerospace delivers the airframe of BrahMos missile. Lockheed Martin, the iconic manufacturer of F22 and F35 fighter jets, is at top spot with US$ 47.2 billion of defense sales.



Comments

Post a Comment

Popular posts from this blog

Asian Dream - China, Japan and India

Image
Many experts, politicians, scholars believe 21st century is going to be “Asian Century”. To make this a reality 3 countries should come and work together – Soaring Dragon, Rising Elephant and Assertive Godzilla i.e. China, India and Japan. Below are the reasons I would like to mention – 1. Nominal GDP wise top 3 Asian countries are China, Japan and India. In terms of PPP, the order is China, India and Japan. For a rising Asia, these 3 countries should join hands. 2. In terms of Forex Reserve, the Top 3 Asian economies are China (>$3 Trillion), Japan (> $1 Trillion) and India (> $500 Billion). Surprisingly these 3 nations are also top 5 in the World. 3. China, Japan and India also has 6 (JPX, SSE, SEHK, SZSE, BSE, NSE) out of World’s Top 12 biggest Stock exchanges in terms of Market capitalization. Imagine the enormous potential if we create something like Euronext in Asia. 4. China, Japan, South Korea, India and Taiwan are always featured in top 10 nation Fortune Global 2000 c
Read more

India's Ballistic Missile Submarine - 40 years of perseverance

Image
 INS Arihant was developed under Advanced Technology Vessel Programme (ATVP). It was began by Mrs. Indira Gandhi on 1974, and became a serious effort in 1985. It spawned a new era in the field of cooperation between DRDO, BARC, Navy, PSUs and private industry in which these organizations synergized their efforts to achieve a significant technological and strategic milestone. The Arihant class( nuclear-powered ballistic missile submarines)- INS Arihant (S2), INS Arighat (S3) are built for the Indian Navy by Navy Shipbuilding Centre, Visakhapatnam. The miniaturized naval version of the reactor of 80MWe was designed and built by the Bhabha Atomic Research Centre (BARC) at the Indira Gandhi Centre for Atomic Research (IGCAR) in Kalpakkam. The prototype reactor became critical on 11 November 2003 and was declared operational on 22 September 2006. Several companies supplied components of the reactor. High grade steel supplied by Heavy Engineering Corporation, Ranchi was used to build the rea
Read more

Indian Railways - The lifeline of common people

Image
In FY19, Indian Railways carried 1.157 trillion passenger-km. This makes it the busiest railway system in the World. In 2019, IR carried 8.44 billion Railway passengers, more than anywhere in the World. In FY18, Indian Railways carried 1.16 billion MT of freight, which is 4th highest in the World. To make Indian freight transport more efficient Govt. is making "Dedicated Freight Corridor". In short, 13452 passenger trains and 9141 freight trains plying 23 million travelers and 3 million tons of freight daily. As of March 2019, Indian Railways' Rolling Stock consists 289 thousand freight wagons, 74 thousand passenger coaches and 12 thousand locomotive engines. Indian Railways track length over years- In terms of revenue, Indian Railways is at 4th position with a net revenue of US$ 28.8 billion (2018). Germany's Deutsche Bahn is at top with net revenue of US$ 51.14 billion (2018). India's current Railway electrification is at 39866 km (FY20) which doubled from 19854
Read more