ENA Sectors 2024-05-29 17:25:44 <p><span style="font-size:14px"><strong>New Delhi, May 29 (KNN)</strong> The Indian Ministry of Defence is increasing monitoring and enforcement of export rules for defence equipment manufactured in the country.</span></p> <p><span style="font-size:14px">This move comes after reports that some Indian-made weapons and military gear have ended up in unauthorised hands abroad.</span></p> <p><span style="font-size:14px">India's defence manufacturing sector has grown rapidly in recent years, producing arms and equipment for both domestic use and international export markets.</span></p> <p><span style="font-size:14px">In the last financial year, India's annual defence production value surpassed 1 trillion rupees, with the private sector contributing over 210 billion rupees.</span></p> <p><span style="font-size:14px">Defence exports from India also hit a new high of 210 billion rupees in 2023-24, driven largely by private companies.</span></p> <p><span style="font-size:14px">However, the Ukraine-Russia conflict and other global tensions have highlighted instances of weapons proliferating to konflict zones without proper authorisation from originating countries.</span></p> <p><span style="font-size:14px">To address these concerns, the Indian government plans to establish an internal portal to strictly monitor imports of sensitive materials like explosives by defence manufacturers.</span></p> <p><span style="font-size:14px">Officials say exports will face heightened scrutiny, with recipient nations required to certify the exported equipment will not be re-transferred to third parties.</span></p> <p><span style="font-size:14px"> Companies must ensure purchasing countries certify they will not transfer the weapons. No country can send our exports elsewhere due to the present geopolitical situation, a senior defence ministry official stated.</span></p> <p><span style="font-size:14px">While promoting arms exports, India maintains bans on defence trade with certain nations including Ukraine, Russia, Turkey, China and Pakistan.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 37993 https://knnindia.co.in/news/newsdetails/sectors/india-tightens-oversight-of-defence-exports-amid-misuse-concerns 2024-05-29 17:25:44 knnindia.co.in