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India's Defence Exports Surge Tenfold; Target Set for Rs 50,000 Crore by 2029

  • 30 Dec 2024 11:13 AM
  • IndiaDefenceExports, DefenceMinisterRajnathSingh, EconomicSecurity

India’s Rising Defence Exports
India’s defence exports have seen remarkable growth, with a ten-fold increase over the last decade. Defence Minister Rajnath Singh announced that India’s exports now exceed Rs 21,000 crore, compared to just Rs 2,000 crore ten years ago. He outlined a vision to increase this figure to Rs 50,000 crore annually by 2029, demonstrating India’s ambition to become a global leader in defence manufacturing.

Emphasis on Technological Warfare
In his address, Singh stressed the evolving nature of warfare, highlighting the importance of mastering advanced technologies like Artificial Intelligence, cyber-attacks, space warfare, and electromagnetic warfare. He discussed the need for India’s military forces to be well-equipped to handle unconventional threats, ensuring preparedness in an era where technology plays a critical role in defence.

Self-reliance and Global Diplomacy
Singh reiterated the government’s commitment to the vision of 'Aatmanirbhar Bharat' (self-reliant India) in strengthening the country’s defence capabilities. He underscored the role of defence attaches in ensuring national security and promoting India's interests on the global stage. The Defence Minister also pointed out the mutual relationship between a strong economy and robust national security, with both factors complementing each other.

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