2024-08-08 03:22:41
New Delhi: Due to the ongoing war between Russia and Ukraine, the demand for 155 mm artillery shells in European countries has increased manifold. This has given a big opportunity to private companies of India. To meet this demand, these companies have increased their production. It is believed that this sector can make a significant contribution to the country’s GDP and employment generation. By the financial year 2027, the annual capacity of making 155 mm shells in the country can reach three lakhs. This does not include the production of government companies. The demand from Europe has not only increased the production capacity of 155 mm artillery shells in the country but the supply chain ecosystem related to it has also strengthened in the country. There has been a war going on between Ukraine and Russia for more than two years. Due to this, the global demand for ammunition has increased. Western countries are engaged in supplying ammunition to Ukraine. Due to this, their stock is getting depleted rapidly. Due to the increase in demand, there is a backlog in orders around the world. This is a golden opportunity for Indian companies. This sector can make a significant contribution to the country’s GDP and will also create hundreds of jobs in the country. According to Defense Minister Rajnath Singh, the country’s defense production reached Rs 1.27 lakh crore in 2023-24. During this period, India’s defense export stood at Rs 21,083 crore, which is 32.5 percent more than last year.
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Huge demand in Ukraine
In the Ukraine war, the most demanded round is the 155 mm howitzer round. America has sent 15 lakh rounds to Ukraine but Ukraine’s demand is increasing. The 155 mm round is like a very large bullet which is divided into four parts. One of its parts is called detonating fuse, the second is called projectile, the third is called propellant and the fourth is called primer. The 155 mm shell can be used in many ways. It can be filled with explosives, precision guided systems or pierce armor. It was developed by the French during the First World War. Since then, it has undergone many changes.