₹16,000 cr mark in FY 2022-23. The Defence Ministry said last month that India had managed to successfully expand its exports with sale of major defence systems including the BrahMos supersonic cruise missiles, Akash air defence systems and artillery guns to a friendly country.
India is also gearing up to manufacture BrahMos missiles in Uttar Pradesh's Lucknow from March next year. Defence Minister Rajnath Singh said last month that “everything from nuts and bolts to BrahMos missiles would be manufactured in the Uttar Pradesh Defence Industrial Corridor".
"The work on BrahMos missile project is also going on at a fast pace and after next February-March, the missile manufacturing will begin on the soil of Lucknow," the BJP leader said during a tour of his parliamentary constituency. “We have created a conducive environment for defence manufacturing through the defence corridors in Uttar Pradesh and Tamil Nadu.
UPDIC has told me that there is a plan to acquire about 1,700 hectares of land for this corridor, of which more than 95 per cent of the land has already been acquired," he added. (With inputs from agencies)"Exciting news! Mint is now on WhatsApp Channels
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