India registers defence exports worth Rs 8,000 crore in six months of FY23: Defence Minister Rajnath Singh
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Defence Minister Rajnath Singh has said that India registered defence exports worth Rs 8,000 crore in six months of the current financial year (FY23) and aims to achieve the annual export target of Rs 35,000 crore by 2025. India's defence sector registered exports worth Rs 30,000 crore after 2014 when the government came to power at the Centre.
The minister said India is progressing speedily on the path to achieving global standards of design, development and manufacturing at the international level. He said ‘before 2014, we used to achieve (defence) exports of Rs 900-1,300 crore. After all these years, we have achieved exports worth more than Rs 30,000 crore to date. We can add another Rs 8,000-9,000 crore of the export target (this year).’
Singh stated that Gandhinagar is set to host India’s biggest-ever defence exhibition to date - DefExpo 2022 –beginning October 18, 2022. This 12th edition of the event has been organised on the theme ‘Path to Pride’. He said India in the last few years covered a transformational journey from a (defence) importer to an exporter. DefExpo will add pace to this journey. India which was until a few years back considered the world's biggest (defence) importer is now standing in the queue of 25 top exporting countries.
