Indian DPSUs Increase Exports To US, Europe, Asia
The Minister of State for Defence M M Pallam Raju has stated in the Parliament that since 2009-2010, the (DPSUs) have exported products worth nearly US$ 4.03 billion (Rs 1,815 crore) to over 50 countries including the US, UK, China and Israel amongst others.
The Minister has stated that the state-run Defence units are continually progressing in terms of exports. Minister of State (Defence) M M Pallam Raju has tabled a report in the Parliament which describes the value of material exported by nine DPSUs to a total of 53 countries. The total export value generated by the DPSUs stood at Rs 1, 81,487 lakh. While Defence products from the Indian DPSUs were exported to major countries like UK, Canada, China, Israel, Germany and France, the countries from the sub-continent like Bangladesh, Bhutan, Myanmar, Nepal and Sri Lanka also got a share of Indian Defence products.
The largest chunk of the export was done by the state-run Hindustan Aeronautics Limited (HAL) which sold material worth Rs 78,306 lakh. India has been aiming at self-reliance in the Defence sector for a long time and the ushering of the new Defence production policy in January 2011 has been a step in that direction. In order to produce advanced Defence products, the procurement policy allows means such as formation of consortia, joint ventures and public-private partnerships within the government-approved framework.