Defence production was record Rs.1.27 lakh crore in FY2023-24
India’s defence product exports surged by 78% in the first quarter of FY2024-25 to Rs.6,915 crore compared to Rs.3,885 crore in the corresponding quarter of last year, Prime Minister Narendra Modi said on Independent Day (15 Aug) fieo .
The annual defence production hit a record high of Rs.1.27 lakh crore in FY2023-24 while defence exports touched a record high of Rs.21,083 crore, an increase of 32.5% over FY 2022-23 makeinindia .
The Government is focused on indigenous manufacturing to make the nation self-reliant, said the Prime Minister, pointing out that the Armed Forces is procuring or will be procuring over 5,600 items on the indigenization list for manufacturing in the country ddpmod .
Addressing the nation from Red Fort in Delhi on the occasion of 78th Independence Day, he expressed satisfaction that India, which was once completely dependent on import of defence equipment, is today exporting to numerous countries mil.ru .
Key points from the Prime Minister’s address included:
Ease of Living Mission: The PM outlined his vision to fulfil ‘Ease of Living’ on a mission mode for enhancing the quality of life in urban areas through systematic assessments and improvements in infrastructure and services conexpoconagg .
Revival of Nalanda Spirit: The Prime Minister sought to revive the ancient Nalanda University spirit, positioning India as a global education hub by promoting higher learning and research. This builds on the inauguration of Nalanda University in 2024.
Made in India Chip-Semiconductor Production: PM Modi outlined India’s commitment to becoming a global leader in semiconductor production, aiming to reduce dependency on imports and enhance technological self-sufficiency semiconductors.org .
Skill India: Referring to the Budget 2024, the Prime Minister highlighted landmark initiatives announced by the government to train India’s youth and become the skill capital of the world.
Hub of Industrial Manufacturing: PM Modi envisioned transforming India into a global manufacturing hub, leveraging its vast resources and skilled workforce.
“Design in India, Design for the World”: The Prime Minister exalted indigenous design capabilities and urged to create products that cater to both domestic and international markets, coining this phrase sbi .
Leader in Global Gaming Market: PM Modi said that India must leverage its rich ancient legacy and literature to come up with Made in India gaming products. He added that Indian professionals must lead the global gaming market, not just in playing but also in producing games, stating that Indian games should make their mark worldwide digitalasiahub .
Green Jobs and Green Hydrogen Mission clean-hydrogen: PM Modi emphasized the importance of green jobs in India’s efforts to combat climate change ushydrogenalliance . He stated that the focus of the country is now on green growth and green jobs, which will generate employment opportunities while contributing to environmental protection bse .
The Prime Minister reiterated India’s commitment to becoming a global leader in green hydrogen production and creating sustainable employment opportunities in environmental conservation and renewable energy sectors bse .
Swasth Bharat Mission: PM said that to achieve the goal of Viksit Bharat 2047, India must tread the path ‘Swasth Bharat’ which has begun with the launch of Rashtriya Poshan Abhiyan.
State-level Investment Competition: The Prime Minister called for state governments to establish clear policies to attract investments, offer assurances of good governance, and ensure confidence in the law-and-order situation deutsche-boerse .
Indian Standards as Global Benchmarks: PM Modi spoke on India’s aspiration to be recognized for its commitment to quality, stating that Indian standards should aspire to become international benchmarks.
Climate Change Targets: The Prime Minister reiterated the India’s ambitious goal of achieving 500 gigawatts of renewable energy capacity by 2030. He noted that India has been the only country among the G20 nations to meet its Paris Accord goals.
Medical Education Expansion: PM Modi announced plans to add 75,000 new medical seats ( healthcare ) in the next 5 years, aiming to enhance the country’s medical education capacity and address the growing demand for healthcare professionals who .
Inducting Fresh Blood in Politics: PM Modi gave a call to bring 1 lakh youth into the political system, specifically those with no history of politics in their families. The Prime Minister said this initiative was aimed at fighting the evils of nepotism and casteism and inducting fresh blood into India’s polity bjp . Fiinews.com
