Defence Minister Rajnath Singh on Thursday said India’s domestic defence production has nearly quadrupled over the last decade to around Rs 1.80 lakh crore, while exports have surged to nearly Rs 39,000 crore, as the country moves steadily towards self-reliance in the defence sector.
Singh made the remarks after laying the foundation stone of a Rs 472-crore facility for the overhaul of T-series battle tanks at the 57-year-old Vehicle Factory Jabalpur (VFJ), an ordnance unit here.
“Domestic defence (arms and ammunition) production, which stood at Rs 46,000 crore in 2014, has now reached approximately Rs 1.80 lakh crore. Similarly, defence exports have increased from around Rs 1,000 crore in 2014 to nearly Rs 39,000 crore,” he said.
The government has set a target of achieving defence exports worth Rs 50,000 crore by 2028-29, the defence minister said.
“India’s defence sector has now taken firm steps towards complete self-reliance. The world’s perception of India is changing, and the
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