NEW DELHI: Defence minister Rajnath Singh on Saturday said that India’s defence exports reached an all-time high of Rs 15,920 crore in 2022-2023.
He described the rise as a remarkable achievement.
“India’s defence exports have reached an all-time high of Rs 15,920 crore in FY 2022-2023. It is a remarkable achievement for the country,” Singh posted on Twitter.
He described the rise as a remarkable achievement.
“India’s defence exports have reached an all-time high of Rs 15,920 crore in FY 2022-2023. It is a remarkable achievement for the country,” Singh posted on Twitter.
He added that the country’s defence exports will continue to grow exponentially under the ‘inspiring leadership’ of PM Narendra Modi.
According to official data, India’s defence exports in 2021-22 was Rs 12,814 crore.
India exported military hardware worth Rs 8,434 crore in 2020-21, Rs 9,115 crore in 2019-20, and Rs 10,745 crore in 2018-19. The amount in 2017-18 was Rs 4,682 crore and Rs 1,521 crore in 2016-17.
The government has set the target of manufacturing defence hardware worth Rs 1,75,000 crore and take defence exports to Rs 35,000 crore by 2024-25.
