India's defence exports touched record Rs 21,083 crore in 2023-24, marks 32.5 pc growth
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The figures indicated that the exports grew by 31 times in the last 10 years as compared to FY 2013-14.
«The defence industry, including the private sector and DPSUs (Defence Public Sector Undetakings), have made tremendous efforts in achieving the highest-ever exports. The private sector and DPSUs contributed about 60 per cent and 40 per cent respectively,» the Defence Ministry said in its year-end review 2024.
It said that Defence Minister Rajnath Singh has exuded confidence that the target to export defence equipment worth Rs 50,000 crore by 2029 will be met.
The release said that to boost Aatmanirbharta in defence and minimise imports by DPSUs, the Department of Defence Production in July notified the fifth Positive Indigenisation List (PIL) consisting of 346 items.
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