Defence Minister Rajnath Singh said that the government has set a target of 3 lakh crore rupees for defence production by 2029. Addressing an event on the topic ‘National Security & Terrorism’, organised in Dehradun, Uttarakhand, Mr Rajnath Singh added that the country’s exports in the sector will reach 50,000 crore by that time.

The Defence Minister underlined that the annual defence production, which was around 40,000 crore rupees in 2014, has crossed the record figure of 1.30 lakh crore rupees today. He further added that the government has set a target of 1.75 lakh crore defence production by this year.

The Minister said the defence exports have skyrocketed to 23,622 crore rupees in the financial year 2024-25, and Made-in-India defence products are being exported to nearly 100 countries.

Highlighting the strategy adopted by the government to deal with terrorism and strengthen national security, Mr Singh said the defence sector has emerged as one of the strongest pillars of Aatmanirbhar Bharat and the weapons and platforms used during Operation Sindoor were made in India.

He also said today, India is not only protecting its borders, but also creating a system which is making us strategically, economically and technically strong.

Defence Minister added that earlier, India was completely dependent on foreign defence equipment, but today India is rapidly becoming self-reliant in the defence sector.

Talking about the defence capabilities, the Minister said Indian armed forces use state-of-the-art weapons, missiles, tanks, and platforms manufactured within the country.

He said indigenous missiles such as Agni, Prithvi and BrahMos stand ready to give a befitting reply to the enemy.