New Delhi: India has made a huge progress in the export of defense products. For the first time in history, India’s defense exports have crossed Rs 21,000 crores. This is a new record in defense exports under Prime Minister Narendra Modi’s administration.
Defence Minister Rajnath Singh took to social media to announce that the country’s defence exports have soared crossing the milestone of Rs 21,000 crore for the first time in the history of Independent India. He said that India’s defense products are being sold to 84 countries and regions worldwide, which is a 32.5 percent increase in this financial year alone.
Defence Minister Rajnath Singh posted on X,” Delighted to inform everyone that the Indian Defence Exports have scaled to unprecedented heights and crossed Rs 21000 crore mark for the first time in the history of Independent India! India’s defence exports have recahed to the level of Rs.21,083 Crore in the financial year 2023-24 which is a spectacular growth of 32.5 per cent over the previous fiscal.”
Delighted to inform everyone that the Indian Defence Exports have scaled to unprecedented heights and crossed Rs 21000 crore mark for the first time in the history of Independent India!
India’s defence exports have recahed to the level of Rs.21,083 Crore in the financial year…
— Rajnath Singh (मोदी का परिवार) (@rajnathsingh) April 1, 2024
He also tweeted giving all the credit for the achievement to Prime Minister Narendra Modi. He said that this phenomenal growth reflects the concerted efforts and strategic initiatives undertaken by the Defence Ministry, particularly under the leadership of Prime Minister Narendra Modi, to bolster India’s defence manufacturing capabilities and promote indigenous defence production.
“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 recent years. Congratulations to all stakeholders on crossing the new milestone in defence exports,” he added.
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
He said India’s defense manufacturing sector has not only been boosted to increase defense exports but also increased facilities for technological innovation. This has created an encouraging environment for both government and private sector companies.
“About 50 Indian companies have contributed significantly in making India’s defense exports a reality. With special focus on efficiency and quality, these companies have established themselves on the world stage as reliable suppliers of India’s defense equipment and technologies,” Rajnath Singh said.
India’s defence exports have diversified geographically, with exports reaching countries such as Italy, Maldives, Sri Lanka, Russia, UAE, Poland, Philippines, Saudi Arabia, Egypt, Israel, Spain, Chile, among others.
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