CURRENT AFFAIRS

Detailed explanation-1: -For some time now, India and South Korea have agreed to jointly produce and export military equipment, improve information sharing, and increase cooperation in the cyber and space domains.

Detailed explanation-2: -India, South Korea agree on joint production, export of military hardware | Business Standard News.

Detailed explanation-3: -India has exported defence equipment and technology to Italy, Sri Lanka, Russia, Maldives, Mauritius, Nepal, France, Sri Lanka, Egypt, Israel, Bhutan, UAE, Saudi Arabia, Ethiopia, Philippines, Poland, Spain and Chile.

Detailed explanation-4: -Positive indigenisation lists of over 3, 700 items including components/line replacement units for defence public sector units, and 310 other defence related items have been issued by defence ministry to promote self-reliance.

Detailed explanation-5: -India has set a target to achieve defence exports worth $5 billion and an overall turnover of $22 billion in production by 2025, defence minister Rajnath Singh said on Thursday.