Defence production rises to ₹1.51 L crore: Rajnath

EXPORTS NEAR ₹24,000 CRORE

- PRESS TRUST OF INDIA

DEFENCE MINISTER RAJNATH Singh on Sunday said India’s defence production has risen from ₹46,000 crore in 2014 to a record ₹1.51 lakh crore and the country that was import-dependent has emerged as a producer-exporter.

He said India once lacked a robust system to manufacture arms and equipment domestically but has witnessed a paradigm shift due to sustained efforts over the last decade.

“Due to our hard work in the last 10 years, our defence production, which was approximately ₹46,000 crore in 2014, has now grown to a record ₹1.51 lakh crore.

“Our defence exports, which were less than ₹1,000 crore 10 years ago, have now reached nearly ₹24,000 crore,” Singh said after inaugurating 125 strategically significant infrastructure projects of Border Roads Organisation (BRO).