The Cabinet has approved the export of the Akash missile system, a surface to air missile with a range of 25 km. The Cabinet has also created a committee comprising the defence minister and others to supply faster approval for the export of other defence platforms.
The Cabinet approval will facilitate Indian manufactures to take part in request for information (RFI) or request for proposal (RFP) issued by more than a few countries.
The missile used to be inducted in the Indian Air Force in 2014 and in the Indian Army in 2015.
After its induction in the services and products, interest used to be shown in the missile by many countries right through international exhibitions, defence expos and Aero India.
So far, Indian defence exports included parts, components etc and the export of big platforms used to be minimal. This initiative of the Cabinet would help the country toughen its defence products and lead them to globally competitive, an official remark said.
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The export version of Akash will be different from the system currently deployed with the armed forces, it said.
Except for Akash, there is interest coming in for other major platforms like coastal surveillance systems, radars and air platforms.
To supply faster approvals for the export of such platforms, a committee comprising the defence minister, the outside matters minister and the national security advisor has been created.
This committee would authorise subsequent exports of major indigenous platforms to more than a few countries. The committee would also explore more than a few to be had options including the government-to-government route.
The government intends to concentrate on exporting high value defence platforms to reach a target of $ five billion worth of defence exports and toughen strategic relations with friendly foreign countries, the remark said.
The Cabinet Committee on Economic Matters cleared a Rs 3,004.63 crore project to care for cape size vessels at Paradip port.
The project — Deepening and Optimization of Inner Harbour Facilities — includes the development of western dock on build, function and transfer (BOT) basis under the public-private partnership (PPP) mode.
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