Defence Minister Rajnath Singh on Saturday stated the annual defence manufacturing has soared to an all-time excessive of Rs 1,50,590 crore in FY 2024-25.
The milestone represents a strong 18 per cent progress over the earlier fiscal’s output of Rs 1.27 lakh crore, and a staggering 90 per cent enhance since FY 2019-20, when the determine was Rs 79,071 crore, the minister knowledgeable.
Defence Public Sector Undertakings (DPSUs) and different PSUs accounted for almost 77 per cent of complete manufacturing, whereas the non-public sector contributed 23 per cent.
The share of the non-public sector, which elevated from 21 per cent in FY 2023-24 to 23 per cent in FY 2024-25, displays the sector’s rising function within the defence ecosystem of the nation.
The Minister lauded the collective efforts of the Division of Defence Manufacturing and all stakeholders – DPSUs, public sector producers, and the non-public business in reaching this landmark.
He termed the upward trajectory as a transparent indicator of India’s strengthening defence industrial base.
Each private and non-private segments of the business have demonstrated constant year-on-year progress, attributed to far-reaching coverage reforms, enhanced ease of doing enterprise, and a strategic concentrate on indigenisation over the previous decade.
The general manufacturing of DPSUs and personal sector has elevated by 16 per cent and 28 per cent, respectively in FY 2024-25.
“This record-setting achievement underscores the rising momentum of the federal government’s push to self-reliance in defence manufacturing beneath the Aatmanirbhar Bharat initiative spearheaded by Prime Minister Narendra Modi,” in response to a Defence Ministry assertion.
The emphasis to scale back the dependency on imports and create a defence industrial advanced that not solely caters to India’s wants but additionally strengthens the potential of exports has proven optimistic outcomes.
With sustained coverage assist, elevated non-public participation, and increasing export capabilities, India’s defence manufacturing sector is poised for continued acceleration within the years forward.
