Defence Minister Rajnath Singh stated on Monday that the nation’s defence exports have reached “unprecedented heights,” surpassing the ₹ 21,000 crore milestone for the “first time” in the history of Independent India.
“Delighted to inform everyone that the Indian Defence Exports have scaled to unprecedented heights and crossed ₹ 21,000 crore mark for the first time in the history of Independent India!,” he said in a post on X.
The Union minister also highlighted that India’s defence exports have soared to ₹ 21,083 crore in the financial year 2023-24, marking a “spectacular growth” of 32.5 per cent over the previous fiscal.
Under Prime Minister Shri @narendramodi’s visionary leadership the Defence ministry has taken several initiatives to spur India’s defence manufacturing and exports.
Our defence industries including the Private Sector & DPSUs have registered a commendable performance in the…
— Rajnath Singh (मोदी का परिवार) (@rajnathsingh) April 1, 2024
During an interaction with members of the Indian diaspora in Nigeria in May 2023, the defence minister had underscored the government’s emphasis on ‘Aatmanirbharta’ and the “significant progress” achieved in defence exports in recent years, aligning with the objective of “Make in India, Make for the World”.
