HomeNewsIndiaIndia ranks among top 25 arms exporters, pursuing self-reliance: Defence Minister Rajnath Singh

India ranks among top 25 arms exporters, pursuing self-reliance: Defence Minister Rajnath Singh

Singh announced that India's annual defence production is expected to reach Rs 3 lakh crore, with the export of military hardware set to reach Rs 50,000 crore by the financial year 2028-29.

February 25, 2024 / 13:32 IST
Story continues below Advertisement
Singh emphasized that the government is taking all possible measures to make the defence forces self-reliant and is the first administration to restrict the import of certain weapons.
Singh emphasized that the government is taking all possible measures to make the defence forces self-reliant and is the first administration to restrict the import of certain weapons.

Defence Minister Rajnath Singh, who was the chief guest at the Firstpost Defence Summit in New Delhi, said that India has made significant changes to its defence sector and is now moving towards self-reliance. He stated that the defence industrial sector is making strides towards self-reliance and that the results are clear to see.

Furthermore, Singh emphasised that the government, led by Prime Minister Narendra Modi, firmly believes that Indian armed forces should not have to rely on military equipment made by foreign nations.

Story continues below Advertisement

Singh announced that India's annual defence production is expected to reach Rs 3 lakh crore, with the export of military hardware set to reach Rs 50,000 crore by the financial year 2028-29.

Also Read | Four flight trials of 'ABHYAS' conducted successfully by DRDO