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Ammunitions maker Munitions India’s export orders swell to ₹6,000 crore

Thehindubusinessline · 8m

Munitions India Ltd (MIL), a government-owned defense company, has reported a high demand for its products overseas, with export orders totaling ₹6,000 crore over the next three years. MIL manufactures a range of ammunition, including bullets, shells, mortars, rockets, and hand grenades. Among its prominent foreign customers are the UAE, Vietnam, and a European country, according to Gnaneshwar Tyagi, Chief General Manager of MIL's High Energy Projectile Factory. The company expects India's defense exports to exceed ₹20,000 crore by 2023-24, with a presentation by Brahmos Aerospace highlighting global demand for Brahmos missiles. India's imports-to-exports ratio for defense products has decreased, indicating a growth in domestic manufacturing capabilities. Additionally, MIL is set to produce the 125-mm 'mango' tank shells, with plans to procure materials from MSMEs amounting to ₹150 crore.