1,000 crores to 16,000 crores… India is moving rapidly in arms exports – India TV Hindi

Defense Exports- India TV Paisa
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Defense Minister Rajnath Singh on Saturday said that India’s annual defense output is expected to touch Rs 3 lakh crore and military equipment exports to Rs 50,000 crore in the next four years. He said that advanced systems like aero engine and gas turbine will be developed within the country. Discussing structural defense reforms at a defense conference, Singh said that the three services of the military (Army, Air Force and Navy) used to work “separately” earlier, but now they jointly work together to better address every challenge. are doing

Joined the top 25 arms exporters.

“Earlier, India was known as an arms importer. But today under the leadership of the Prime Minister, we have made it to the list of top 25 arms exporters,” Singh said. He said that seven or eight years ago defense exports were not worth Rs 1,000 crore, today it has reached Rs 16,000 crore, by 2028-29 annual defense production will reach Rs 3 lakh crore and defense exports will reach Rs 50,000 crore. 000 will reach Rs. Crore.” is expected to reach.

The focus is on better coordination.

Singh said that Rs 6.21 lakh crore had been allocated for the defense budget of 2024-25. Singh said that investment projects worth over Rs 4,35,000 crore in the financial year 2023-24 have been given in-principle approval and the government aims to develop advanced systems like aero engines and gas turbines in India. next five years. The defense minister said the government was focusing on ‘synergy’ between the army, navy and air force, which would ensure better coordination in times of “crisis”.

Earlier, the three parts of the army functioned separately.

He said at the First Post Defense Summit that earlier the three services of the army were working separately. We focused on their integration, which was an important step and time consuming. It was a little difficult at first; But today our army is ready to face every challenge with better coordination.” Singh said the ban on arms import had created a difficult situation for some time, but the challenge gradually turned into an opportunity. I am changing and India is moving forward. World Defense Industrial Landscape

Defense production of more than one lakh crore rupees

He said that today our forces are using weapons and platforms that are developed on our own soil. The Defense Minister said that no army can protect its country with imported equipment and self-reliance in defense production is essential for India in today’s era. He said that the continuous efforts of the government have started bearing fruit as the defense production has crossed Rs 1 lakh crore.

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