Armenia Becomes India’s Leading Defence Export Destination
Current Affair 1:
News:
India is presently exporting military equipment to more than 100 nations across the world. The top three countries in the last financial year include the U.S., France and Armenia.
There has been a around three-fold increase in the value of production since 2014-15. While the Indian firms produced equipment worth ₹46,429 crores in 2014-15, it has come to ₹1.27,265 crores in the last fiscal.
The contribution of the private sector in this value of production is 21%.
The major defence platforms produced in the country include the LCA Tejas fighter jets, aircraft carriers, warships, submarines, Dhanush artillery gun system, MBT Arjun, advanced towed artillery gun system, high mobility vehicles, weapon-locating vehicles, weapon-locating radar, 3D tactical control radar, software-defined radios, and Akash missile system.
What all three countries are importing?
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