September 28, 2022
1 min read

Rajnath sets ambitious defence production target for 2025

Singh said that the government fully recognises the value of a foolproof security system and is continually trying to strengthen all aspects of national security in order to advance the nation…reports Asian Lite News

Defence Minister Rajnath Singh has set an ambitious goal for the country’s defence industry – produce Rs. 1.75 lakh crores worth of goods by the year 2025.

Speaking at the 5th Annual Session of the Society of Indian Defense Manufacturers in New Delhi on Tuesday, he said this would include exports of Rs 35,000 crore.

“Seven-eight years ago, our defence exports were not even Rs 1,000 crore. They have now crossed Rs 13,000 crore. We have set a target of Rs 1.75 lakh crore of defence production by 2025, which includes export of Rs 35,000 crore,” he pointed out in his address.

He also urged the Indian defence sector to find and produce cutting-edge, cost-effective products and technologies in order to accomplish Prime Minister Narendra Modi’s vision of a “New India” that not only satisfies domestic demands but also meets those of other countries.

Singh said that the government fully recognises the value of a foolproof security system and is continually trying to strengthen all aspects of national security in order to advance the nation.

Additionally, he outlined the actions taken to support the private sector and mentioned how the need for military equipment has increased due to countries’ increased attention to strengthening their security systems and the ever-changing nature of the global environment.

Later, he also felicitated the winners of the 2nd edition of the SIDM Champions Award.

According to the Ministry of Defense, the 5th Annual Session of SIDM was held under the theme “India@75: Shaping for India@100” with the objective of elevating India to a leading position in the global defence manufacturing market. The senior brass of the Ministry of Defence, the Indian Armed Forces, industry, and foreign defence attachés headquartered in India all participated in the event.

ALSO READ: Jaishankar flags concerns on US visa

Previous Story

Gandhinagar to host biggest-ever DefExpo

Next Story

UN concerned over disease outbreak in flood-hit Pakistan

Latest from India News

Luxon’s India Visit Kicks Off Today

Prime Minister Luxon will be accompanied by a high-level delegation, including senior officials, ministers, business leaders…reports Asian Lite News New Zealand Prime Minister Christopher Luxon is scheduled to arrive in India on

Gurudwara Celebrates Women’s Day

Guru Nanak Darbar Gurudwara Dubai Celebrates Sikh and International Women’s Day with Grand Festivities Guru Nanak Darbar Gurudwara Dubai hosted a spectacular celebration in honour of Sikh and International Women’s Day, recognising

Kanimozhi Slams Centre Over NEP, Delimitation 

DMK MP Kanimozhi’s remarks came after a heated debate in Parliament over the National Education Policy (NEP), delimitation, and funding allocations for the state.  The political rift between the ruling government and
Go toTop

Don't Miss

‘Modi’s state visit to US wasn’t about China’

Kirby pushed back to the question if the US was

India remembers bravehearts of 26/11 attack

He recalled the services of the police and security forces