India Targets Russian Markets With Defense Export Push

India is intensifying its push to become a major global defense exporter by expanding state-backed low-cost loans to countries historically dependent on Russian arms, aiming to double exports to $6 billion by 2029. The government is leveraging the Export-Import Bank for long-term financing and increasing defense attachés in embassies across Africa, Southeast Asia, and South America to facilitate arms deals. Defense Minister Rajnath Singh emphasized India's focus on indigenous manufacturing, citing progress on projects like the Kaveri engine, as part of a broader goal to enhance self-reliance and reduce import dependency. These moves come amid rising global demand for military equipment, triggered by supply disruptions from Russia and the West following the Ukraine war. India's defense offerings are attracting interest for their cost competitiveness and compatibility with Soviet-era systems. The initiative marks a significant shift in India's defense export strategy and its role in global supply chains.