By means of PTI
NEW DELHI: India’s defence exports reached an all-time prime of Rs 15,920 crore within the monetary yr 2022-2023, Defence Minister Rajnath Singh mentioned on Saturday describing the upward push as a exceptional fulfillment.
The rustic’s defence exports in 2021-22 used to be Rs 12,814 crore, in line with authentic information.
“India’s defence exports have reached an all-time prime of Rs 15,920 crore in FY 2022-2023. This is a exceptional fulfillment for the rustic,” Singh mentioned on Twitter.
“Underneath the inspiring management of PM Shri @narendramodi, our defence exports will keep growing exponentially,” he mentioned.
India exported army {hardware} price Rs 8,434 crore in 2020-21, Rs 9,115 crore in 2019-20, and Rs 10,745 crore in 2018-19, in line with main points equipped by way of Singh. The quantity in 2017-18 used to be Rs 4,682 crore and Rs 1,521 crore in 2016-17.
Superb! A transparent manifestation of India’s ability and the keenness against ‘Make in India.’ It additionally presentations the reforms on this sector over the previous few years are handing over excellent effects. Our Govt will stay supporting efforts to make India a defence manufacturing hub. https://t.co/AL3sLknFOL
— Narendra Modi (@narendramodi) April 1, 2023
The federal government has set the objective of producing defence {hardware} price Rs 1,75,000 crore and take defence exports to Rs 35,000 crore by way of 2024-25.
In the previous few years, the federal government has taken a chain of measures to advertise home defence manufacturing.
NEW DELHI: India’s defence exports reached an all-time prime of Rs 15,920 crore within the monetary yr 2022-2023, Defence Minister Rajnath Singh mentioned on Saturday describing the upward push as a exceptional fulfillment.
The rustic’s defence exports in 2021-22 used to be Rs 12,814 crore, in line with authentic information.
“India’s defence exports have reached an all-time prime of Rs 15,920 crore in FY 2022-2023. This is a exceptional fulfillment for the rustic,” Singh mentioned on Twitter.googletag.cmd.push(serve as() googletag.show(‘div-gpt-ad-8052921-2’); );
“Underneath the inspiring management of PM Shri @narendramodi, our defence exports will keep growing exponentially,” he mentioned.
India exported army {hardware} price Rs 8,434 crore in 2020-21, Rs 9,115 crore in 2019-20, and Rs 10,745 crore in 2018-19, in line with main points equipped by way of Singh. The quantity in 2017-18 used to be Rs 4,682 crore and Rs 1,521 crore in 2016-17.
Superb! A transparent manifestation of India’s ability and the keenness against ‘Make in India.’ It additionally presentations the reforms on this sector over the previous few years are handing over excellent effects. Our Govt will stay supporting efforts to make India a defence manufacturing hub. https://t.co/AL3sLknFOL
— Narendra Modi (@narendramodi) April 1, 2023
The federal government has set the objective of producing defence {hardware} price Rs 1,75,000 crore and take defence exports to Rs 35,000 crore by way of 2024-25.
In the previous few years, the federal government has taken a chain of measures to advertise home defence manufacturing.