2 weeks ago

Indian defence firms expanding into Europe's defence market

India makes lots of things, and now it is selling military and defence equipment to countries in Europe.

Europe is buying more military gear because of a big conflict between Russia and Ukraine.

It also wants to be ready if the United States changes its security promises.

A company called Kotak studied this and wrote a report about it.

India already sold ammunition to the Czech Republic and artillery shells to France.

French fighter jets like the Rafale even have parts made in India.

Indian companies are working with big European companies like Airbus, Dassault and Rheinmetall.

India made a rule that foreign companies must build at least half of their equipment inside India.

That rule helped India build new factories and skills.

Now Indian companies are ready to sell their products to Europe and the rest of the world.

Key facts

Source report: Kotak Institutional Equities 'Aerospace & Defense – India'
Czech Republic order (2023): 80,000 rounds of 120mm mortar ammunition and 50,000 rounds of 125mm tank shells from Munitions India Limited
France order (2024): First-ever export of 100,000 155mm M107 artillery shells from an Ordnance Factory
Indigenous content requirement: Minimum 50% under the Defence Acquisition Procedure 2020 Buy (Global – Manufacture in India) category
Rafale partnership: 2016 programme involving Dassault Aviation and MBDA; Dassault Reliance JV in Nagpur plus around 30 Indian MSMEs
M777 howitzer programme: Mahindra-BAE Systems facility assembled more than 120 gun kits locally
Missile interest: Greece interested in BrahMos; Armenia ordered India's Akash surface-to-air missile system
Growth segments: Ammunition, missiles, aerospace components, UAVs, defence electronics and jet-engine technology

financialexpress.com · 2 weeks ago