India's defence exports soar to Rs 21,083 crore, SIDM reports
exports also soared to an unprecedented Rs 21,083 crore, reflecting a nearly 35% increase over the last fiscal year.
Visionary Leadership of 'Aatmanirbhar Bharat'
This achievement underscores Prime Minister Narendra Modi's visionary 'Aatmanirbhar Bharat' initiative and the dedicated efforts of the Ministry of Defence under the Defence Minister's leadership. A significant 60% of this growth is attributed to the private sector, highlighting the maturing Defence Industrial Base of India.
SIDM's Crucial Role
The Society of Indian Defence Manufacturers (SIDM) has played a pivotal role in this transformation. Rajinder Bhatia, President of SIDM, expressed delight at this unprecedented growth, stating, «Initially, the targets set forth in the Defence Production and Export Promotion Policy (DPEPP) seemed ambitious. However, through the collective efforts of the government, the defence industry, and SIDM, we have not only achieved but are on the cusp of surpassing these goals.»
Government Policies and Industry Resilience
The DPEPP, combined with proactive government policies and the resilience of the defence industry, has created a conducive ecosystem for innovation, research, and development. The unwavering support of the Prime Minister and strategic guidance from the Ministry of Defence have empowered the Indian defence industry to scale new heights.
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Public-Private Sector Collaboration
The synergy between public
