Boosting India's Defence: Domestic Production Reaches New Heights
President Droupadi Murmu announced that nearly 70% of defence procurement was from domestic firms. Highlighting reforms and modernisation, she noted India’s rising defence exports and the strengthening of domestic production and infrastructure. The government aims to further increase defence exports significantly by 2028-29.
![Boosting India's Defence: Domestic Production Reaches New Heights](https://devdiscourse.blob.core.windows.net/devnews/27_06_2024_14_39_10_6147916.jpg)
- Country:
- India
In a landmark address, President Droupadi Murmu revealed that close to 70% of the defence forces' procurement last year came from domestic firms. This underscores the government's commitment to bolstering local production of critical military hardware.
President Murmu emphasized the importance of continuous modernization and reforms in maintaining armed forces' supremacy, noting that current efforts have enabled India to manufacture defence equipment worth over Rs one lakh crore.
The president also celebrated the BrahMos missile deal with the Philippines and projected ambitious goals for escalating defence exports, aiming for a rise to Rs 50,000 crore by 2028-29 from Rs 21,083 crore today.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
ALSO READ
Anniversary of INDUS-X Marks New Milestone in India-US Defence Ties
"I don't see...": Gautam Gambhir addresses his future as potential India head coach
Indian envoy Saurabh Kumar presents credentials to European Commission President
US-India INDUS-X initiative marks one-year anniversary with pioneering strides in defence innovation
Swiss Court jails UK's richest Hinduja family for exploiting Indian domestic workers