Defence production hits record high of nearly ₹1.27 lakh crore in 2023-24.

Defence

The government is committed to creating a more conducive regime for developing India as a leading global defence manufacturing hub. The Ministry of Defence has achieved the highest-ever growth in indigenous defence production in value terms during financial year 2023-24, on the back of successful implementation of the policies and initiatives of the government, led by Prime Minister Narendra Modi, focussing on achieving 'Aatmanirbharta'," the defence ministry said in a statement on Friday.


      The government aims to bolster India's defense manufacturing capabilities to achieve self-reliance and global prominence.

      The Ministry of Defence's initiatives aim to reduce dependency on imports and enhance domestic defense manufacturing capabilities.

     

 

     


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