Defence Current Affairs 2018
Defence Current Affairs of 2017, 2018 related to India’s Defence, Indian Armed Forces, Defence Production, Defence Acquisition and related matters.
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India celebrated Vijay Diwas on 16th December 2018 marking the 47th anniversary of its victory over Pakistan in the 1971 war. On this occasion, the Defence Minister Nirmala Sitharaman along with the heads of the three armed forces paid tributes to the martyrs at Amar Jawan Jyoti at the India Gate in New Delhi.
About Vijay Diwas:
- Vijay Diwas, also called as Victory Day, is celebrated on every 16th December in India.
- It marks the victory of Indian armed forces over Pakistan in the war of Independence of Bangladesh from Pakistan in 1971.
- At the end of the 1971 war, the Pakistani Army unilaterally and unconditionally surrendered resulting in the independence of East Pakistan, which was called as Bangladesh.
- On this day in 1971, the chief of the Pakistani forces along with 93,000 troops, surrendered to the allied forces consists of Indian Army and Mukti Bahini in Dhaka after they got defeated in the war.
- On the anniversary of Vijay Divas, respect and tributes are paid to the martyrs who laid down their lives for their country.
- Every year on Vijay Diwas, the Indian Defence Minister along with heads of armed forces of India pay their tributes to the martyrs at Amar Jawan Jyoti at the India Gate in New Delhi and also at the National Military Memorial, Bangalore.
On Vijay Diwas, every year, Citizens, senior officials, students & war veterans pay their homage and remember the sacrifices of the soldiers.
The recently released rankings by Stockholm International Peace Research Institute (SIPRI) have placed four Indian Public Sector Undertakings among world’s top 100 arms producers. These companies are as follows:
- Indian Ordnance Factories (37th Rank)
- Hindustan Aeronautics (38th Rank)
- Bharat Electronics (64th Rank)
- Bharat Dynamics (94th rank)
This was for the first time that four Indian companies have ranked in top 100 arms producers companies of world. These four companies have sold arms worth USD 7.52 Billion in 2017.
Established in 1966, the Stockholm International Peace Research Institute (SIPRI) is a Swedish think tank dedicated to research into conflict, armaments, arms control and disarmament. SIPRI provides data, analysis and recommendations, based on open sources, to policymakers, researchers, media and the interested public.
India’s share in Global Arms Sale
India’s current share in total global arms sales stands at less than 2%. This indicates that India has been a weak player in international markets. Successive government have tried to turn India into a global defence manufacturing hub and take multiple policy steps to involve private sector in defense production. However, most of such measures have been on papers only till now.
World’s top arms producers
The global arms market is dominated by US companies which have a whopping 57% of the market share, followed by Russia (9.5%), United Kingdom (9%) and France (5.3%). As of 2017, Lockheed Martin is world’s largest arms with arms sales of $ 44.9 billion. Boeing is the second largest arms producer company in the world.