India is becoming a defence production hub. Prime Minister Narendra Modi said on April 1, 2023, that the reforms in this sector over the last few years are delivering good results.
He tweeted that the Government will support efforts to make India a defence production hub. The Prime Minister was reacting to Defence Minister Rajnath Singh’s tweet that India’s defence exports reached an all-time high of Rs 15,920 crore in the fiscal year, which ended on March 31. It is a remarkable achievement for the country, Singh said.
PM Modi said, “Excellent! A clear manifestation of India’s talent and the enthusiasm towards ‘Make in India.’ It also shows the reforms in this sector over the last few years are delivering good results. Our Government will keep supporting efforts to make India a defense production hub.”
According to official data, the country’s defence exports in 2021-22 were Rs 12,814 crores. It was also reported that India exported military hardware worth Rs 8,434 crores in 2020-21, Rs 9,115 crores in 2019-20 and Rs 10,745 crores in 2018-19.
The Government has targeted manufacturing defence hardware worth Rs 1,75,000 crore and defence exports to Rs 35,000 crores by 2024-25.
The clear vision, coherent on-ground strategy and confidence is yielding amplified positive outcomes for the Indian defense sector. The numbers today are informing that domestic defense production is on the rise and given priority. If the direction and the intentions are correct, then this robust growth was inevitable.