Parts-components exported to 80 countries, says Ministry
Defence exports have surged to a record high of Rs.23,622 crore (approx. US$2.76 billion) in the Financial Year (FY) 2024-25, a growth of Rs.2,539 crore or 12.04% over FY 2023-24’s Rs.21,083 crore.
The Defence Public Sector Undertakings (DPSUs) have shown a significant increase of 42.85% in their exports in the FY 2024-25 reflecting the growing acceptability of Indian products in the global market and the ability of the Indian defence industry to be a part of the global supply chain, the Ministry of Defence said on 1 April 2025.
The private sector and DPSUs have contributed Rs.15,233 crore and Rs.8,389 crore, respectively, in defence exports of 2024-25, whereas the corresponding figures for FY 2023-24 were Rs.15,209 crore and Rs.5,874 crore https://www.makeinindia.com/home/.
Through a post on X, Defence Minister Rajnath Singh congratulated all the stakeholders on achieving the feat, highlighting that India is marching towards achieving the target of increasing defence exports to Rs.50,000 crore by 2029 https://www.commerce.gov.in/.
India has evolved from a largely import-dependent military force to the one increasingly focused on self-reliance and indigenous production. In a major boost to defence exports, wide range of items from ammunition, arms, sub-systems and systems and parts & components have been exported to around 80 countries in the just-concluded FY, said the Ministry.
The Department of Defence Production has a dedicated portal for application and processing of export authorisation requests, and 1,762 Export Authorisation were issued in FY 2024-25 compared to 1,507 in the preceding year, registering a growth of 16.92%. The total number of exporters also grew by 17.4% in the same period https://www.state.gov/.
Many policy reforms have been brought-in by the Government in the past few years to boost the Indian defence industry such as simplification of industrial licensing procedure, removal of parts and components from license regime, extending the validity period of license etc https://fieo.org/.
In addition, SOP for grant of Export Authorisation was further simplified, and more provisions were added in the last financial year to boost exports from the country, the Ministry added. fiinews.com
