CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
India has inked a defence export deal with which country?
A
USA
B
Syria
C
Israel
D
Armenia
Explanation: 

Detailed explanation-1: -Hence, the recent defence export deal between India and Armenia is of strategic significance. It is also providing a major boost for the indigenous defence industry. India’s defence export has reached a record Rs. 13,000 crore in the 2021-22 fiscal.

Detailed explanation-2: -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-3: -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.

Detailed explanation-4: -India signs deal with Armenia for export of missiles, weapon systems | IBEF.

Detailed explanation-5: -India achieved exports of defence items and technology worth a record Rs 13,000 crores in 2021-22 and this figure is likely to rise to Rs 17,000 crores in 2022-23, stated Srikar K. Reddy, Joint Secretary, Department of Commerce, Government of India on Tuesday while addressing the 2nd edition of India MSME Defence Week.

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