DPSUs & private companies reports defence exports of Rs 31,555 cr over last 3 years

The weapons manufactured by these Ordnance Factories are already in service with the Indian Armed Forces and are being exported to various countries as well.

DPSUs & private companies reports defence exports of Rs 31,555 cr over last 3 years
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New Delhi: Raksha Rajya Mantri Shri Ajay Bhatt today in his written reply to Shrimati Ranjeeta Koli and others in Lok Sabha mentioned the value of the export of defence equipment by both DPSUs and private defence companies for the last three years and the current year. 

A total 41 numbers of Ordnance Factories have been set up by the Government in the country so far. There is presently no such proposal of setting up of new Ordnance Factories, he said. 

Further, seven new Defence Public Sector Undertakings have been set up with effect from 1st October 2021 by subsuming the 41 Ordnance Factories, for manufacturing of modern weapons and armament indigenously by transferring assets valued at over Rs. 90,000 crore developed over the years to the new companies.

The weapons manufactured by these Ordnance Factories are already in service with the Indian Armed Forces and are being exported to various countries as well.

The value of export of defence equipment in 2019-20 was Rs 9115.55 crore, 2020-21 it was Rs. 8434.84 crore, 2021-22 it stands Rs 12814.54 crore, and in 2022-23 (up to 1st Quarter, 2022-23) it is Rs 1191.01 crore, that is on the basis of authorisations issued to private firms during the First Quarter of FY 2022-23.