India set to export first batch of missiles to South East Asian, Gulf countries

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India will export its first batch of missiles this year to the South
East Asian and the Gulf countries after receiving “increasing interests”
from them, a top defence official said here Wednesday.

Speaking
at the IMDEX Asia 2019 exhibition, Commodore S K Iyer, Chief General
Manager for HR at BrahMos Aerospace, said the first missile export
contract awaits a government to government approval.

“A number of South East Asian countries are ready to buy our missiles,” he said. “It will be our first export and we have received increasing interests
in the missiles form the Gulf countries,” Iyer said at the the three-day
international maritime conference and exhibition which began here on
Tuesday.

Indian defence sector sees good opportunities for
exports to the South East Asian and the Gulf countries where slower
economic growths have put budgetary pressure on acquiring viable,
cost-effective and reliable solutions.

India-Russia joint
venture BrahMos and defence company L&T Defence of Larsen &
Toubro Ltd are showcasing a wide range of defence equipment at the IMDEX
for the South East Asian markets.

Noting a significant change
in market trends, industry observers said developing economies in the
Middle East, South East Asia and South America were looking for viable,
cost effective and reliable solutions.

They said that some of
these small economies are looking for renewals of older assets through
platform upgrades with latest technologies.

Budgetary
constraints on defence procurement means life-span extension of older
assets, said Martyn Allen, regional director for Asia at QinetiQ, a
UK-based defence company with partners in India and a recently-opened
regional office in Kuala Lumpur.

Export opportunities through
collaboration with Indian defence industry were underlined by Captain
Nick Macdonald-Robinson, a senior naval advisor at the Defence and
Security Organisation of the UK Department of International Trade.

British
companies are already establishing relationship with Indian shipyards
which have a vast number of architects and huge amount of experience,
Robinson said.
He pointed out that the large-scale expertise in Indian yards were not
only involved in building indigenous designs, but also taking products
from India-Russia joint venture into the export markets.

More than 236 defence companies are participating in the IMDEX 2019 exhibition.

Over
10,500 delegates and trade visitors are also attending the event where
23 warships from 30 countries are on display after conducting regional
maritime exercises.

Over 400 delegates from the naval defence
sector are attending the International Maritime Security Conference on
“Safe and Secure Seas: Promoting Mutual Securities in our Maritime
Commons”.

 economictimes



India set to export first batch of missiles to South East Asian, Gulf countries