Government sets target of achieving defence exports of USD 5 billion by 2025: Rajnath Singh
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Terming exports as a key pillar for long-term sustainability of the domestic defence industry, Defence Minister Rajnath Singh has said the government has set itself a target of achieving defence exports of USD 5 billion by 2025.
He also said the government was eyeing overall turnover of USD 22 billion in defence production in the same timeframe. Moreover, he stated domestic demand alone may not always provide economies of scale to make profitable investments and sustain them.
Further, the Minister said he invited US defence companies to set up manufacturing units in India and develop technological collaboration with Indian industries to create a 'global supply chain free from vulnerabilities and uncertainties.
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