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India's Defence Exports Hit Record ₹23,500 Crore
India's defence exports have reached a record-high of ₹23,500 crore, stated Defence Minister Rajnath Singh, indicating a monumental achievement in India’s defence sector. The Minister attributed this success to the increasing participation and innovation from the domestic private sector.
Speaking at the Society of Indian Defence Manufacturers (SIDM) Annual Conference in New Delhi, Minister Singh highlighted that India’s total domestic defence production over the last decade has soared to over ₹1.5 lakh crore, with the private sector's contribution exceeding ₹33,000 crore of that total.
Success of Operation Sindoor
The Minister lauded the domestic industry, whom he called "industry warriors," for their contributions to the recent Operation Sindoor. He specifically cited the successful deployment of indigenous systems like the Akash missile system, BrahMos, and the AkashTeer Air Defence Control System, noting that the prowess demonstrated by these platforms has significantly enhanced India's reputation both regionally and globally.
Driving Indigenisation and Policy Reforms
To further bolster this remarkable growth, the Ministry of Defence has actively streamlined procedures, notably by publishing the Positive Indigenisation List for import substitution and simplifying the export clearance process. This strategic push is aimed at creating a level playing field for domestic manufacturers, allowing them to compete globally.
www.newsorbiter.com/indias-defence-exports-hit-record-%e2...
India's Defence Exports Hit Record ₹23,500 Crore
India's defence exports have reached a record-high of ₹23,500 crore, stated Defence Minister Rajnath Singh, indicating a monumental achievement in India’s defence sector. The Minister attributed this success to the increasing participation and innovation from the domestic private sector.
Speaking at the Society of Indian Defence Manufacturers (SIDM) Annual Conference in New Delhi, Minister Singh highlighted that India’s total domestic defence production over the last decade has soared to over ₹1.5 lakh crore, with the private sector's contribution exceeding ₹33,000 crore of that total.
Success of Operation Sindoor
The Minister lauded the domestic industry, whom he called "industry warriors," for their contributions to the recent Operation Sindoor. He specifically cited the successful deployment of indigenous systems like the Akash missile system, BrahMos, and the AkashTeer Air Defence Control System, noting that the prowess demonstrated by these platforms has significantly enhanced India's reputation both regionally and globally.
Driving Indigenisation and Policy Reforms
To further bolster this remarkable growth, the Ministry of Defence has actively streamlined procedures, notably by publishing the Positive Indigenisation List for import substitution and simplifying the export clearance process. This strategic push is aimed at creating a level playing field for domestic manufacturers, allowing them to compete globally.
www.newsorbiter.com/indias-defence-exports-hit-record-%e2...