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India Boosts Arms Export Drive
India is ramping up its defense export strategy by offering low-interest loans through the state-owned Export-Import Bank, aiming to make its arms industry more attractive to global buyers. This move is part of India’s broader goal to become a top global defense exporter and reduce reliance on imports.
The initiative specifically targets nations that have traditionally depended on Russian military hardware. By providing financial incentives and easy credit terms, India is positioning itself as a competitive alternative in the international arms market.
This strategy aligns with the “Make in India” vision, which promotes self-reliance and indigenous manufacturing in the defense sector. It also helps India expand its geopolitical influence by deepening defense ties with emerging markets in Asia, Africa, and Latin America.
India’s growing portfolio of indigenously developed weapons, including artillery systems, missiles, drones, and naval vessels, strengthens its pitch to potential buyers. With ongoing defense collaborations and increased R&D investment, India is set to emerge as a formidable force in the global arms trade.
