Defence Minister, Shri Rajnath Singh said India aims for production of Rs 3 lakh crore and exports of Rs 50,000 crore by 2029.
Defence Minister, Shri Rajnath Singh has said India aims to achieve defence production worth Rs 3 lakh crore and defence exports of Rs 50,000 crore by 2029. He was addressing the Consultative Committee of the Defence Ministry in Jaisalmer, where he said the government is committed to building a technologically empowered military capable of meeting present-day and emerging security challenges.
Mr Singh said defence production had increased from Rs 46,429 crore in 2014-15 to a record Rs 1.78 lakh crore in 2025-26, while defence exports had risen from less than Rs 2,000 crore in 2014 to approximately Rs 40,000 crore. He highlighted the record defence budget of Rs 7.85 lakh crore for 2026-27, including a capital outlay of Rs 2.19 lakh crore for modernisation and capital procurement.
The meeting discussed emerging security challenges, changing warfare practices and the induction of next-generation platforms, weapons and technologies. Participants also examined the role of artificial intelligence, autonomous systems, unmanned platforms, cyber and space capabilities, electronic warfare and advanced communications. Mr Singh said the government is enabling greater private sector participation, from MSMEs to large corporations, in what he described as a “whole-of-the-nation” approach.
Source: Akashvani News
