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NewsOnAir 2026-11-04
India targets Rs 3 lakh crore in defence production and Rs 50,000 crore in exports by 2029 India's Defence Minister Rajnath Singh announced the country's goal to achieve defence production worth 3 lakh crore rupees and defence exports of 50,000 crore rupees by 2029. Speaking at the Consultative Committee of the Defence Ministry in Jaisalmer, he emphasized the government's commitment to enhancing military capabilities to address current and future security challenges. Singh noted that defence production has significantly increased from 46,429 crore rupees in 2014-15 to a projected 1.78 lakh crore rupees in 2025-26, while exports have risen from under 2,000 crore rupees to about 40,000 crore rupees. The meeting also focused on the importance of modernizing the military and integrating advanced technologies, including artificial intelligence and cyber capabilities, to strengthen India's defence strategy.
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