NEW DELHI: The yearly defence manufacturing has reached a ancient prime of Rs 1,50,590 crore within the monetary 12 months 2024-25, defence minister Rajnath Singh introduced on Saturday. The determine marks an 18 in keeping with cent soar from ultimate 12 months’s output of Rs 1.27 lakh crore and a hanging 90 in keeping with cent surge in comparison to FY 2019-20, when manufacturing stood at Rs 79,071 crore, he stated.
The yearly defence manufacturing has soared to an all-time prime determine of Rs 1,50,590 crore within the Monetary Yr (FY) 2024-25. Those numbers point out a powerful 18% expansion over the former fiscal’s output of Rs 1.27 lakh crore, and a staggering 90% building up since FY 2019-20, when the determine used to be Rs 79,071 crore,” Rajnath Singh stated in a put up on X.Singh credited the expansion to collective efforts of division of defence manufacturing and all stakeholders. “I commend the collective efforts of the Division of Defence Manufacturing and all stakeholders i.e., DPSUs, public sector producers, and the non-public business in attaining this landmark,” he stated. “This upward trajectory is a transparent indicator of India’s strengthening defence commercial base,” Singh added. The milestone comes amid the federal government’s endured center of attention at the “Aatmanirbhar bharat” initiative, with greater participation from each private and non-private sector firms in generating complex weaponry, platforms, and programs for the militia.