HomeAatmanirbhar Bharatdefence exports: India leading top 25 countries in defence export: Union minister...

defence exports: India leading top 25 countries in defence export: Union minister Ajay Bhatt

msid 107206682,imgsize

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.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Aatmanirbhar Bharat

All

Army gets its first indigenous man-portable suicide drones

New Delhi: The army has got its first indigenous man-portable suicide drones that are designed to target enemy training camps, launch pads and infiltrators...

Defence minister Rajnath Singh Sets ₹50k-cr military export target

New Delhi: On resuming charge as defence minister, Rajnath Singh has set a target to generate military exports worth Rs 50,000 crore on an...

AMCA 5th Generation Stealth Fighter Updates

AMCA to be integrated with sophisticated indigenous Distributed Aperture System (DAS) that making it a formidable air asset for the Indian Air Force

Source : IgMp Bureau India’s Advanced Medium Combat Aircraft (AMCA) is on the brink of a revolutionary transformation with the integration of a sophisticated Distributed...

AMCA to incorporate the best features of both 5th and 6th Generation fighters: ADA sources

Source : IgMp Bureau India's strides toward indigenous air dominance receive a substantial boost with the green signal for the Advanced Medium Combat Aircraft (AMCA)...

Most Popular

Recent Comments

Archive Months

Miscellanous

Guwahati hosts first ever defence tech show in northeast

The first defence technology show kickstarted in Guwahati on Tuesday, officials said. Nearly 200...

terrorist attacks: Seoul spy agency warns N. Korea plotting attacks on embassies

South Korea's spy agency said Friday that Pyongyang was plotting "terrorist" attacks targeting Seoul's officials and citizens overseas, with the foreign ministry raising the...

DRDO made LRSAM to be able to intercept Anti-Ship Ballistic Missile (AShBM)

Source : IgMp Bureau Recent developments reveal that the Defense Research and Development Organization (DRDO) is making significant strides in the development of a cutting-edge...

Defence Minister Rajnath Singh issues instruction to release third instalment of OROP arrears by Diwali

Defence Minister Rajnath Singh on Thursday issued direction for release of the third instalment of arrears under the ‘One Rank On Pension’ scheme to...
Visits
error: Content is protected !!