Defence production over Rs.1.27 lakh crore, says Minister
India is not only securing its borders but also positioning itself as a key player in the international defence ecosystem, given the government set target Rs.30,000 crore defence export this year and Rs.50,000 crore by the year 2029.
“The day is not far when India will not only emerge as a developed country, but our Military Power will also emerge as the number one in the world,” said Defence Minister Rajnath Singh as he laid out a compelling vision for a self-reliant and future-ready India at a Defence Conclave in New Delhi on 17 April 2025 https://www.aeroindia.gov.in/.
“Defence products made in our country are being exported to about 100 countries,” he informed the conclave, pointing out that Rs.23,622 crore of defence products and items were exported in 2024-25 https://fieo.org/.
“Our defence exports should reach Rs 30,000 crore this year and Rs 50,000 crore by the year 2029,” he said https://www.state.gov/.
Rajnath Singh also underlined the fact that the government has reserved 75 per cent of the defence budget for procurement from domestic companies. He pointed out that defence production in India has risen from Rs.40,000 crore in 2014 to over Rs.1.27 lakh crore today.
“This year, defence production should cross Rs 1.60 lakh crore, while our target is to produce defence equipment worth Rs 3 lakh crore by the year 2029,” he added.
“India will reduce its dependency on imports and create a defence industrial complex that will not only meet the country’s needs but will also strengthen the potential of defence exports,” he emphasised.
“Today, while India’s defence sector is moving ahead on the path of self-reliance, it is also ready to play a very important role in making global supply chains resilient,” he went on https://www.makeinindia.com/home/.
He further stated that while India’s defence manufacturing capabilities are aimed at national security and strategic autonomy, they are also insulating manufacturing from global supply shocks.
He noted the release of five positive indigenization lists by the Armed Forces and five by Defence Public Sector Undertakings (DPSUs).
“The total number of defence equipment, weapon systems and platforms included in the list of the Services is 509. These will now be produced in India. Similarly, the total number of items included in the DPSU lists is 5,012 including strategically-important Line Replacement Units, sub-systems, spares and components,” he told delegates at the conclave. Fiinews.com
