The country's defence exports in 2021-22 was Rs 12,814 crore, according to official data
File Photo
India's defence exports reached an all-time high of Rs 15,920 crore in the financial year 2022-2023, Defence Minister Rajnath Singh said on Saturday describing the rise as a remarkable achievement.
ADVERTISEMENT
The country's defence exports in 2021-22 was Rs 12,814 crore, according to official data.
"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 said on Twitter.
"Under the inspiring leadership of PM Shri @narendramodi, our defence exports will continue to grow exponentially," he said.
Also read: India unveils Foreign Trade Policy 2023, eyes USD 2 trillion exports by 2030
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, according to details provided by Singh.
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.
In the last few years, the government has taken a series of measures to promote domestic defence production.
This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.
Subscribe today by clicking the link and stay updated with the latest news!" Click here!
