New Delhi: The country’s defence exports have soared to unprecedented levels, crossing the milestone of Rs 21,000 crore for the first time in the history of Independent India, announced Defence Minister Rajnath Singh on social media X.
“Delighted to inform everyone that the Indian Defence Exports have scaled to unprecedented heights and crossed Rs 21,000 crore mark for the first time in the history of Independent India! India’s defence exports have reached to the level of Rs 21,083 crore in the financial year 2023-24 which is a spectacular growth of 32.5 per cent over the previous fiscal,” the Defence Minister posted on X (formerly Twitter).
Spanning across 84 countries and regions worldwide, phenomenal growth in India’s defence exports reflects the concerted efforts and strategic initiatives undertaken by the government to bolster India’s defence manufacturing capabilities and promote indigenous defence production.
Having implemented a series of initiatives aimed at catalysing India’s defence manufacturing sector, the Defence Ministry’s initiatives have not only facilitated technological advancements but have also created a conducive environment for both public and private sectors to actively participate and contribute to the nation’s defence exports.
The spectacular success story of India’s defence exports owes much to the collective efforts of about 50 Indian companies, spanning both the public and private sectors, who have played a pivotal role in achieving this feat.
These companies have demonstrated commendable innovation, efficiency, and quality standards, thereby enhancing India’s reputation as a reliable supplier of defence equipment and technology.
Diversified geographically, India’s defence exports have reached countries such as Italy, Maldives, Sri Lanka, Russia, UAE, Poland, Philippines, Saudi Arabia, Egypt, Israel, Spain, Chile, among others. This global outreach underscores the growing demand for Indian defence products and the increasing recognition of India’s capabilities in meeting the evolving security needs of nations worldwide.
The major defence items being exported include Personal Protective Items, Offshore Patrol Vehicles, ALH Helicopters, SU Avionics, Coastal Surveillance Systems, Light Engineering Mechanical Parts, Kavach MoD. Among others, these defence items have emerged as key contributors to India’s defence export portfolio.
Garnering significant interest from international buyers, these cutting-edge defence technologies and equipment have further enhanced India’s position as a leading exporter of defence hardware.
