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India leading top 25 countries in defence exports: Ajay Bhatt
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Union minister Ajay Bhatt has said that India is becoming self-reliant in defence production, and for the first time, leading the top 25 countries in defence exports. Further, he said the government has issued four lists of 4,666 defence components whose import is banned, resulting in huge savings.
He stated the defence exports rose from Rs 4,682 crore in 2017-18 to Rs 15,916 crore in 2022-23. (Defence) export till December 2023 is about Rs 9,428 crore.
Besides, he said almost all defence PSUs are in profit after the ordnance factories were decentralised. He also said the defence ministry is promoting innovation and technology.
