Rajnath sets ambitious Rs 3 tn defence production target by FY29
DEFENSE

Rajnath sets ambitious Rs 3 tn defence production target by FY29

Defence Minister Rajnath Singh, addressing a media seminar on defence production, set an annual target of Rs 3 trillion in aerospace and defence services and production by 2028-29.

He also announced that the annual export target for aerospace and defence services and production was being raised to Rs 500 billion in the same time frame.

Rajnath Singh mentioned that efforts towards jointness and integration had made the military ready to confront any challenge collectively. He added that the government was concentrating on achieving long-term gains, aiming to make India 'Viksit Bharat' (Developed India) by 2047.

He expressed the objective of manufacturing high-end systems such as aero-engines and gas turbines in India within the next five years.

Referring to the growth in indigenous defence production over the preceding years, he highlighted the 2018 Ministry of Defence (MoD) roadmap known as the Defence Production Policy of 2018, or DPrP 2018.

According to the 2018 policy, the annual target was set at Rs 1.7 trillion in aerospace and defence services and production turnover by 2025. This was to be achieved through an additional investment of nearly Rs 700 billion, generating employment for around 2 to 3 million people.

The 2018 policy also aimed at exports of defence goods and services worth Rs 350 billion by 2025.

Rajnath Singh emphasised that no military could protect its nation with imported weaponry. He noted that the "government's persistent efforts" towards self-reliance had elevated defence production to Rs 1 trillion.

He reflected on India's transformation from being known as an arms importer to becoming one of the top 25 arms-exporting nations under the leadership of the prime minister. Seven-eight years ago, defence exports were below Rs 10 billion, but now they have reached Rs 160 billion. He projected that by 2028-29, annual defence production would touch Rs 3 trillion, and defence exports would reach Rs 500 billion.

Defence Minister Rajnath Singh, addressing a media seminar on defence production, set an annual target of Rs 3 trillion in aerospace and defence services and production by 2028-29. He also announced that the annual export target for aerospace and defence services and production was being raised to Rs 500 billion in the same time frame. Rajnath Singh mentioned that efforts towards jointness and integration had made the military ready to confront any challenge collectively. He added that the government was concentrating on achieving long-term gains, aiming to make India 'Viksit Bharat' (Developed India) by 2047. He expressed the objective of manufacturing high-end systems such as aero-engines and gas turbines in India within the next five years. Referring to the growth in indigenous defence production over the preceding years, he highlighted the 2018 Ministry of Defence (MoD) roadmap known as the Defence Production Policy of 2018, or DPrP 2018. According to the 2018 policy, the annual target was set at Rs 1.7 trillion in aerospace and defence services and production turnover by 2025. This was to be achieved through an additional investment of nearly Rs 700 billion, generating employment for around 2 to 3 million people. The 2018 policy also aimed at exports of defence goods and services worth Rs 350 billion by 2025. Rajnath Singh emphasised that no military could protect its nation with imported weaponry. He noted that the government's persistent efforts towards self-reliance had elevated defence production to Rs 1 trillion. He reflected on India's transformation from being known as an arms importer to becoming one of the top 25 arms-exporting nations under the leadership of the prime minister. Seven-eight years ago, defence exports were below Rs 10 billion, but now they have reached Rs 160 billion. He projected that by 2028-29, annual defence production would touch Rs 3 trillion, and defence exports would reach Rs 500 billion.

Next Story
Real Estate

Bennet & Bernard Unveil Dutch-Inspired ‘Casa El Toledo’ in Goa

Bennet & Bernard Group, Goa’s leading luxury real estate developer, has launched its newest project, Casa El Toledo, in Assagao. The enclave features 18 ultra-luxury 4 BHK Dutch-style villas blending European charm with tropical elegance. Each villa includes a private pool, double-height ceilings, open courtyards, alfresco dining areas, and English-inspired landscaping. The interiors are curated by noted Dutch designer Kelly Marie.   Reflecting the grandeur of the Dutch Golden Age, Casa El Toledo harmonises heritage aesthetics with modern sensibilities. Expansive interiors flow..

Next Story
Equipment

Godrej Delivers Heaviest Ecolaire Surface Condenser to US Project

Godrej Enterprises Group’s Process Equipment business has manufactured and delivered its heaviest Ecolaire® Surface Condenser to date, weighing nearly 450 metric tonnes, for a power-generation project in the United States. The project, powered by natural gas and partly designed for hydrogen compatibility, marks another step in advancing clean energy systems. Produced at the company’s GreenCo-certified Dahej facility in Gujarat, the equipment demonstrates India’s growing engineering capabilities and reinforces Godrej’s ‘Make in India for the World’ vision.  Hussain S..

Next Story
Infrastructure Energy

India, Brazil Discuss Energy Ties And Oil Investments

Union Minister for Petroleum and Natural Gas Hardeep Singh Puri held discussions with Celso Luis Nunes Amorim, Special Advisor to the President of Brazil, and senior Brazilian officials to strengthen bilateral cooperation in the oil, gas, and energy transition sectors. The talks took place during a dinner hosted by Kenneth H da Nobrega, Ambassador of Brazil to India, at his residence in New Delhi.Mr Puri said the meeting focused on Indian investments in Brazil’s oil and gas sector, as well as expanding collaboration in energy transition and biofuels. “The enriching conversation revolved ar..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?