New Delhi: Defense exports from India are at high level at all times, it has increased by 34 times in the last decade.
The office of Defense Minister Rajnath Singh said on an X post, “India exported defense goods of Rs 23,622 crore in 2024-25-2013-14, 34 times the increase of Rs 686 crore.”
The office of the Defense Minister claimed that India’s defense sector is stronger than ever, which is inspired by the spirit of a self -sufficient or self -sufficient India.
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As part of its ‘self -reliant’ and Make in India Plan, the government launched various schemes in various fields, including various schemes in various fields to make Indian manufacturers globally competitive, attract investment, increase exports, integrate India in the global supply chain and reduce dependence on imports.
With the emphasis of the government on Make in India Initiative, defense production has increased to historical height. This growth in defense construction has given adequate returns to investors in major defense construction PSUs over the years.
The government is investing heavily in defense and aerospace construction, in which several defense hubs have been set up. In particular, many global companies have either shared or shared important defense and aerospace knowledge with India.
According to the Ministry of Defense Data, a wide range of commodities, including ammunition, weapons, sub-system/system and parts and components, which was exported to about 80 countries in about 80 countries.
The government is now setting a target for annual exports of Rs 50,000 crore by 2029, thus strengthening its global footprint.
Stocks of the Indian defense sector, which had recently corrected from their heights, have been re -growing since last week, most of the stress with Pakistan is due to recent flare. The successful performance of India’s indigenously developed systems against adversary last week also supported Defense Stock Basket.
The latest conflict with Pakistan also noted the fact that it is important to achieve self -sufficiency in defense building.
The Nifty India Defense Index has climbed over 30 per cent in the last three months, reflecting investors in strategic importance of India’s domestic defense sector and in commercial development. The increase in indigenous defense manufacturing has given adequate returns to investors in the last few years in the major defense manufacturing PSU. (AI)
This report is an auto generated from Ani News Service. ThePrint does not have any responsibility for its content.
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