This article is more than 1 year old.

India to export Akash Missile System; decision will make defence products globally competitive, says Rajnath Singh

Mini

The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved the export of Akash Missile System.

India to export Akash Missile System; decision will make defence products globally competitive, says Rajnath Singh
The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved the export of Akash Missile System.
Singh said that a committee has also been created for faster approvals .
“The Cabinet chaired by PM Narendra Modi ji today approved the export of Akash Missile System and a Committee for faster Approvals has been created,” tweeted Defence Minister Rajnath Singh.
The minister said that the export version of Akash will be different from System currently deployed with Indian Armed Forces, adding that this decision by the Cabinet would help the country to improve its defence products and make them globally competitive.
He also said that Centre aims to achieve the target of USD 5 billion defence export.
“The Government of India intends to focus on exporting high value defence platforms, to achieve target of 5 Billion USD of defence export and improve strategic relations with friendly foreign countries,” he tweeted.
According to reports, nine friendly foreign countries from Southeast Asia and Africa have shown interest in the acquisition of the DRDO-developed Akash Missile System.
 
 
next story

Market Movers

Currency

CompanyPriceChng%Chng