Prime Minister Narendra Modi on Saturday stated that India’s defence exports rising to an all-time excessive of Rs 15,920 crore is a transparent manifestation of India’s expertise and enthusiasm in direction of “Make in India.” Reacting to Defence Minister Rajnath Singh’s tweet, which stated that India’s defence exports reached an all-time excessive within the fiscal yr, Prime Minister stated it confirmed the reforms on this sector over the previous couple of years delivered good outcomes.
“India’s defence exports have reached an all-time excessive of Rs 15, 920 crores in FY 2022-2023. It’s a exceptional achievement for the nation. Underneath the inspiring management of PM @narendramodi, our defence exports will proceed to develop exponentially,” Defence Minister Rajnath Singh tweeted on Saturday.
Reacting to this, PM Modi stated, “Glorious! A transparent manifestation of India’s expertise and enthusiasm in direction of ‘Make in India.’ It additionally exhibits the reforms on this sector over the previous couple of years are delivering good outcomes. Our Authorities will hold supporting efforts to make India a defence manufacturing hub.”
Glorious! A transparent manifestation of India’s expertise and the passion in direction of ‘Make in India.’ It additionally exhibits the reforms on this sector over the previous couple of years are delivering good outcomes. Our Authorities will hold supporting efforts to make India a defence manufacturing hub. https://t.co/AL3sLknFOL
— Narendra Modi (@narendramodi) April 1, 2023
Earlier on Thursday, Rajnath Singh in a conclave had stated that home defence manufacturing has witnessed a big enhance in the previous couple of years. “
“We’re not solely catering our personal wants however are additionally exporting weapons and tools to different international locations. From Rs 900 crore 7-8 years in the past, defence exports have skyrocketed and are nearing Rs 14,000 crore within the present Monetary Yr. Our goal is to export defence tools price Rs 40,000 crore by 2026,” he stated.
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The Defence Minister additionally touched on the start-up-based innovation ecosystem created within the nation. He stated the federal government’s efforts have resulted within the creation of over 100 unicorns, which is a testomony to the success of this ecosystem.
