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DD News 2026-11-03
India aims for Rs 3 lakh crore in defense production and Rs 50,000 crore in exports by 2029, says Rajnath Singh. India's Defence Minister Rajnath Singh announced the country's goal to achieve Rs 3 lakh crore in defence production and Rs 50,000 crore in exports by 2029 during a parliamentary meeting in Jaisalmer, Rajasthan. Singh emphasized the government's commitment to modernizing the military to address current and future security challenges. He noted that defence production has significantly increased from Rs 46,429 crore in 2014-15 to a projected Rs 1.78 lakh crore in 2025-26, while exports have surged from under Rs 2,000 crore to around Rs 40,000 crore. The meeting also focused on enhancing military capabilities through effective resource use, prioritizing critical needs, and improving coordination among the armed forces.
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