The Defense Ministry will keep an eye on the import pattern
The Defence Ministry now wants to create an internal portal that will monitor the import patterns of defence companies, especially explosives and primers. “We want to create an internal portal so that imports can also be monitored as these should not go into the wrong hands. There have been some incidents where weapons have reached the wrong people,” a senior Defence Ministry official told industry representatives. However, details about these reports were not given.
The value of defense production in India has reached Rs 1,08,684 crore in the financial year 2022-23, in which the share of private companies is Rs 21,083 crore and the rest is of government companies. The export of defense products has also increased to Rs 21,083 crore in the financial year 2023-24, in which private companies have a major contribution.
The government is promoting the export of weapons
Although the government is promoting the export of weapons, there are strict rules and regulations for selling weapons to some countries. Officials have warned the defense industry to be careful. He said that make sure that the country which is buying lethal weapons should give in writing that it will not sell those weapons to any other country. He said, 'Especially due to the current geopolitical situation, you (the industry) have to gather information about the entire chain of end users and tell the government of that country that they will not send it to any other country.'
For example, Indian companies are currently not allowed to export arms to Ukraine, while most companies avoid doing direct business with Russia for fear of Western sanctions. Other countries, including Turkey, China and Pakistan, are also barred from exporting arms.
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