Make in India Drives Defence Growth
DEFENSE

Make in India Drives Defence Growth

India’s defence production surged to Rs 1.27 trillion in FY 2023-24, reflecting a 174% rise since 2014-15, propelled by the Make in India initiative. The Ministry of Defence secured a record 193 contracts worth over Rs 2,090.5 billion in 2024-25, with 92% awarded to domestic firms. Defence exports reached Rs 210.83 billion, growing 30 times in a decade, with India supplying military equipment to over 100 countries. More than 14,000 items have been indigenised under the SRIJAN initiative, with 3,000 listed under Positive Indigenisation Lists. The government aims to achieve Rs 3 trillion in production and Rs 500 billion in exports by 2029, further solidifying India’s role as a global defence manufacturing hub.

(PIB)

India’s defence production surged to Rs 1.27 trillion in FY 2023-24, reflecting a 174% rise since 2014-15, propelled by the Make in India initiative. The Ministry of Defence secured a record 193 contracts worth over Rs 2,090.5 billion in 2024-25, with 92% awarded to domestic firms. Defence exports reached Rs 210.83 billion, growing 30 times in a decade, with India supplying military equipment to over 100 countries. More than 14,000 items have been indigenised under the SRIJAN initiative, with 3,000 listed under Positive Indigenisation Lists. The government aims to achieve Rs 3 trillion in production and Rs 500 billion in exports by 2029, further solidifying India’s role as a global defence manufacturing hub. (PIB)

Next Story
Real Estate

Mahindra Lifespaces Targets Rs 10,000 Bn Sales by FY30

Mahindra Lifespace Developers aims to more than treble its sales to Rs 100 Bn by financial year twenty thirty, up from Rs 33 Bn in financial year twenty twenty-five. Backed by a strong land bank, robust pipeline, and rights issue of Rs 15 Bn, the company is focusing on growth in premium housing and industrial leasing.The company’s gross development value (GDV) has grown from Rs 44 Bn in financial year twenty twenty-four to Rs 181 Bn in financial year twenty twenty-five, with the current pipeline at Rs 390 Bn. New launches are planned in Whitefield, Malad, Bhandup, Mahalaxmi and Pune.Mahindra..

Next Story
Infrastructure Transport

Bhubaneswar New Station Starts Three Express Trains to Ease Congestion

East Coast Railway has begun full-scale operations of three major express trains from the Bhubaneswar New Railway Station (BBSN) from 12 May 2025. The move aims to improve connectivity and reduce congestion at the Bhubaneswar Main Station.The trains now operating from BBSN include the Mumbai–Bhubaneswar Konark Express, the Secunderabad–Bhubaneswar Visakha Express, and the Bhubaneswar–Visakhapatnam Intercity Express. All three were previously routed through the Bhubaneswar Main Station.BBSN, located in northern Bhubaneswar, is expected to benefit residents of northern city zones, Cuttack,..

Next Story
Infrastructure Transport

Indian Railways Clears Survey for New Line in Sikkim

The Ministry of Railways has approved a Final Location Survey for a proposed railway line in Sikkim, connecting Melli to Dentam via Jorethang and Legship. The Rs 22.5 Mn survey will be conducted by Northeast Frontier Railway to assess technical and financial feasibility.The planned 75-kilometre corridor aims to improve rail access in the under-served southern and western regions of Sikkim. The project is backed by Railway Minister Ashwini Vaishnaw and follows efforts by Member of Parliament Indra Hang Subba.This new line is intended to extend the under-construction Sivok–Rangpo railway proje..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?