Daily Current Affairs Article 1st January 2021: The Union Cabinet gave its go-ahead to the sale of Akash surface-to-air missile systems to friendly foreign countries and created a high-powered panel for swifter approval to export of military hardware at a time India has set a target of clocking defence exports worth $5 billion by 2024.
Akash is a Surface to Air Missile with a range of 25 Kms. The missile was inducted in 2014 in IAF and in 2015 in Indian Army. Akash is country’s important missile with over 96 percent indigenisation.
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After its induction in the Services, interest is shown in Akash missile by many friendly countries.
The Cabinet approval will facilitate Indian manufactures to participate in RFI/RFP issued by various countries.
So far, Indian defence exports included parts/components etc. The export of big platforms was minimal. This initiative of the Cabinet would help the country to improve its defence products and make them globally competitive.
