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Government Sets Rs 1.75 Lakh Crore Defence Production Target
NEW DELHI — The Government of India has confirmed its ambitious goals for the domestic defence sector. The current financial year’s Defence Production Target is set at an impressive Rs 1.75 lakh crore. Furthermore, the government is on track to achieve this monumental figure. This push is part of the "Aatmanirbhar Bharat" (Self-Reliant India) initiative. Officials confirmed that this rapid growth aims to establish India as a global defence manufacturing hub. This massive economic drive showcases the nation’s strategic commitment to self-sufficiency.
Defence Production Target: Financial and Manufacturing Goals
The growth trajectory in the defence sector is steep and deliberate. In the previous fiscal year (FY 2024-25), India recorded its highest-ever defence production value at Rs 1.54 lakh crore. The government is confidently targeting Rs 1.75 lakh crore for the current financial year. Looking ahead, the longer-term goal is even more ambitious: boosting defence production to Rs 3 lakh crore by 2029.
This financial growth is paralleled by increased indigenisation. Crucially, approximately 65% of all defence equipment is now manufactured within the country. This represents a monumental shift from a previous reliance on imports for 65 per cent–70 per cent of equipment. This strategic change proves the robust technological upliftment and enhanced capacity of India's defence ecosystem.
www.newsorbiter.com/defence-production-target-rs-1-75-lak...
Government Sets Rs 1.75 Lakh Crore Defence Production Target
NEW DELHI — The Government of India has confirmed its ambitious goals for the domestic defence sector. The current financial year’s Defence Production Target is set at an impressive Rs 1.75 lakh crore. Furthermore, the government is on track to achieve this monumental figure. This push is part of the "Aatmanirbhar Bharat" (Self-Reliant India) initiative. Officials confirmed that this rapid growth aims to establish India as a global defence manufacturing hub. This massive economic drive showcases the nation’s strategic commitment to self-sufficiency.
Defence Production Target: Financial and Manufacturing Goals
The growth trajectory in the defence sector is steep and deliberate. In the previous fiscal year (FY 2024-25), India recorded its highest-ever defence production value at Rs 1.54 lakh crore. The government is confidently targeting Rs 1.75 lakh crore for the current financial year. Looking ahead, the longer-term goal is even more ambitious: boosting defence production to Rs 3 lakh crore by 2029.
This financial growth is paralleled by increased indigenisation. Crucially, approximately 65% of all defence equipment is now manufactured within the country. This represents a monumental shift from a previous reliance on imports for 65 per cent–70 per cent of equipment. This strategic change proves the robust technological upliftment and enhanced capacity of India's defence ecosystem.
www.newsorbiter.com/defence-production-target-rs-1-75-lak...