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Defence Exports
Minister of State for Defence Sanjay Seth on Friday urged MSMEs and startups to work hard to meet the new target of Rs 50,000 cr defence exports. He was addressing the inaugural of the three-day East Tech symposium here. "The country's new target for defence exports is Rs 50,000 crore, and to achieve this goal, the country's MSMEs and startups will have to work hard. Today, 16,000 MSMEs are associated with the Ministry of Defence. This number should increase, and the youth of Jharkhand should also join, he said. Rajinder Singh Bhatia, President, Society of Indian Defence Manufacturers (SIDM) said 175 exhibitors and 400-plus delegates were participating in the East Tech 2025, which shows their commitment to fulfilling the vision of making this country self-reliant and empowered. Lt Gen Ram Chander Tiwari, GOC-in-C Eastern Command, said, SIDM has been a significant support in our efforts. Our partnership with SIDM allows us to provide a platform where defence manufacturers, MSMEs, ..
Reliance Infrastructure Ltd, the flagship company of Anil Ambani's Reliance Group, is targeting Rs 3,000 crore from the export of 155 mm ammunition and aggregates by the end of financial year 2027, sources said. In the current year itself, the company is estimated to export Rs 1,500 crore of large calibre ammunition. Reliance Infrastructure has already clocked exports of up to Rs 100 crore of artillery ammunition and aggregates and is aiming to be among the top three exporters of defence equipment in India, sources aware of the matter said. The key export market for Reliance includes countries in the European Union, focusing on large restocking demand for artillery ammunition. According to the experts, the market size for restocking is estimated at Rs 4,00,000 crore. Sources said Reliance has been able to make inroads in the highly competitive markets of the European Union and South East Asia. When contacted, a Reliance Infrastructure spokesperson confirmed that the ammunition ex
India's defence exports have surged to a record high of Rs 23,622 crore (approx. USD 2.76 billion) in 2024-25 registering a 12.04 per cent growth over the previous fiscal, Defence Minister Rajnath Singh said on Tuesday. Singh also said that the country is poised to achieve the target of Rs 50,000 crore in defence exports by 2029. India's defence exports in 2023-24 were Rs 21,083 crore. "India's defence exports have surged to a record high of Rs 23,622 crore in the FY 2024-25," the defence minister said on 'X'. "An impressive growth of Rs 2,539 crore or 12.04% has been registered in the just-concluded FY over the defence exports figures of FY 2023-24, which were Rs 21,083 crore," he added. Singh also congratulated all the stakeholders on this "significant achievement". "Under PM Shri @narendramodi's leadership India is marching towards achieving the target of increasing defence exports to Rs 50,000 crore by 2029," Singh said. The Defence Public Sector Undertakings (DPSUs) have sh
Defence Minister Rajnath Singh said on Monday that India's defence exports have crossed a record Rs 21,000 crore from Rs 2,000 crore a decade ago. Addressing officers at the Army War College (AWC) in more than two-centuries-old Mhow Cantonment, Singh said a target has been set to achieve defence exports of Rs 50,000 crore by 2029. He said mastering frontier technologies is the need of the hour in the constantly evolving times, noting that military training centres are playing a crucial role in equipping and readying soldiers to deal with future challenges. "Our defence exports, which were around Rs 2,000 crore a decade ago, have crossed the record figure of Rs 21,000 crore today. We have set an export target of Rs 50,000 crore by 2029," Singh said. He said Made-in-India equipment is being exported to other countries. Singh mentioned radical changes in warfare in his speech, saying that unconventional methods like information warfare, Artificial Intelligence (AI)-based warfare, pro
President Droupadi Murmu on Friday said the time is now ripe for launching a new phase of self-reliance in defence production by manufacturing technologically advanced equipment within the country. Speaking after awarding the President's Colours to the College of Defence Management (CDM) here, she said the Union Government has taken several measures to enhance indigenous capabilities of the defence industry. Through initiatives such as Make in India, Ease of Doing Business and development of defence industrial corridors, the government is encouraging Indian and foreign investors to invest in the defence sector, she said. With emphasis on indigenization, many defence products have been identified for domestic manufacturing and will not be imported. "The time is now ripe for launching a new phase of self-reliance by manufacturing technologically advanced equipment within India," she said. The officers of the defence forces are expected to wholeheartedly contribute towards achieving