Masterstroke by Modi govt as defence production crosses 1.27 lakh crores, exports jumps to….

India has performed smartly in defense production within the final decade. Since the birth of the “Assemble in India” initiative, the nation’s defense production has grown at an unprecedented tempo. It has reached a tale Rs1.27 lakh crore in FY 2023-24. The nation, as soon as dependent on international suppliers, now stands as an emerging power in indigenous manufacturing and is shaping its militia energy by home capabilities. The amplify within the defence finances from ₹2.fifty three lakh crore in 2013-14 to ₹6.81 lakh crore in 2025-26 underlines the nation’s decision to supply a increase to its militia infrastructure.

Protection production highlights:

• 65% of defence equipment is now manufactured domestically
• 16 DPSUs, over 430 licensed firms, round 16,000 MSMEs
• Non-public sector contributes 21% to total defense production
• Goal of Rs 3 lakh crore in defense production by 2029
• Defence exports jump 21-fold to ₹88,319 crore
• ‘Made in Bihar’ footwear are of path a part of Russian navy’s equipment
• India is now exporting defence equipment to over 100 nations
• USA, France and Armenia to emerge as high merchants in 2023-24
• Authorities targets to amplify defense exports to Rs 50,000 crore by 2029

Strengthening Assemble in India

This increase has been fuelled by the Assemble in India initiative. This involves the develop of Dhanush Artillery Gun System, Evolved Towed Artillery Gun System (ATAGS), Main Strive against Tank (MBT) Arjun, Light Specialist Vehicles, Excessive Mobility Vehicles, Light Strive against Airplane (LCA) Tejas, and hundreds others. In accordance with records from all Defence Public Sector Undertakings (DPSUs), thoroughly different public sector gadgets and private firms manufacturing defence gadgets, the associated payment of defence production has reached a tale high of Rs 1,27,265 crore, showing a formidable increase of 174% from Rs 46,429 crore in 2014-15.