Hashtag Desi (Indigeneous) Defence Industry attains production milestone
Annual defence production hits record high of approx. Rs 1.27 lakh crore in Financial Year 2023-24 Growth of 16.7% over last year; 60% increase since 2019-20. Govt is committed to develop India as a leading global defence manufacturing hub: Raksha Mantri Shri Rajnath Singh Make in India is reaching out to the new heights with every passing time. This time the Bharat's ministry of defence has achieved the highest-ever growth in indigenous defence production in value terms during Financial Year (FY) 2023-24. This all is achieved because of the successful implementation of the policies and initiatives of the Government, focusing on achieving ‘Aatmanirbharta’. As per the data received from all Defence Public Sector undertakings (DPSUs), other PSUs manufacturing defence items and private companies, the value of defence production in the country has gone up to a record-high figure i.e., Rs 1,26,887 crore, reflecting a growth of 16.7% over the defence production of the previous f...