Parrikar sets $2 bn target for defence exports in two years

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New Delhi, May 14: Defence Minister Manohar Parrikar on Saturday said he has set a target of raising defence exports to $2 billion in the next two years and the offsets clause will help in this.

Speaking at the Aerospace & Defence Summit organised by Automotive Component Manufacturers Association of India, the minister said the target is not very difficult to achieve.

Defence: Parrikar sets $2 bn target

"I think the push in exports is showing results. It has reached $350 million, almost doubling the export," Parrikar said.

"In years to come, I have set a target for myself. In the next two years, the target is to touch $2 billion. It is not very impossible as offsets are the area from where exports, and expertise, both can come," he said.

The minister added that in next two years, $2 billion worth of offset obligations are to be fulfilled.

Parrikar also said that government wants to export indigenous light combat aircraft Tejas.

IANS

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