NAGPUR (PTI): India is becoming self-reliant in defence production, and for the first time, leading the top 25 countries in defence exports, Union minister Ajay Bhatt said on Sunday.
The Minister of State for Defence was speaking at the Advantage Vidarbha programme in Nagpur.
He said the government has issued four lists of 4,666 defence components whose import is banned, resulting in huge savings.
"India, for the first time, is leading a group of top 25 countries in defence export as it is becoming self-reliant in defence production.
"The defence exports rose from Rs 4,682 crore in 2017-18 to Rs 15,916 crore in 2022-23. (Defence) export till December 2023 is about Rs 9,428 crore," the Union Minister added.
Bhatt said almost all defence PSUs are in profit after the ordnance factories were decentralised. He said the Defence Ministry is promoting innovation and technology.
India leading top 25 countries in defence export: Union Minister
Other Related News
Air Chief Marshal visits IAF station in Ojhar
Air Chief Marshal VR Chaudhari has congratulated the Air Force depot personnel for receiving the President's Colours during his visit to the IAF station at Ojhar in Nashik district.
The Indian Air Force, in its flight trials evaluation report submitted before the Defence Ministry l..
view articleAn insight into the Medium Multi-Role Combat Aircraft competition...
view articleSky enthusiasts can now spot the International Space Station (ISS) commanded by Indian-American astr..
view article