India Emerges as Top 25 Arms Exporter, Defence Exports Reach Rs 16,000 Crore

Defense News ,India :- India has made significant strides in the defence sector, transforming from an arms importer to one of the top 25 arms exporter nations. Defence Minister Rajnath Singh shared this achievement at a Defence Summit, highlighting the remarkable growth from the earlier status of being a major arms importer.

Under the leadership of the Prime Minister, India has ventured beyond its comfort zone, breaking into the list of top 25 arms exporter nations. Just seven to eight years ago, defence exports were below Rs 1,000 crore, but today they have surged to Rs 16,000 crore. The Defence Minister envisions that by 2028-29, annual defence production will reach Rs three lakh crore, with defence exports touching Rs 50,000 crore.

Singh emphasized the government's focus on long-term gains, distinguishing it from previous short-term strategies. The government's policies, formulated and implemented under the present leadership, aim to secure lasting benefits for the nation. This includes support for established companies as well as welcoming young minds through start-ups, paving the way for long-term gains in the coming decades.

The Defence Minister highlighted recent steps taken to promote start-ups, liberalizing procurement processes to encourage innovation. In the financial year 2023-24, in-principle approval exceeding Rs 4,35,000 crore for capital acquisition has been granted. The government's commitment to Aatmanirbhar Bharat (self-reliant India) has led to radical changes in the defence sector, turning short-term difficulties into opportunities.

Singh stressed the importance of self-reliance in defence production, stating that a nation cannot be adequately protected with equipment imported from outside. He highlighted the success of the government's efforts, with defence production surpassing Rs one lakh crore. Looking towards the future, the Defence Minister emphasized investments in cutting-edge technologies such as Artificial Intelligence, quantum computing, smart weapons, cyber warfare, and space warfare.

The government's long-term vision includes making India a major player in technology, with initiatives like Innovations of Defence Technology (iDEX), the Technology Development Fund scheme under DRDO, and the establishment of the National Research Foundation. Singh revealed the government's aim to manufacture high-end systems like aero-engines and gas turbines in India within the next five years.

Emphasizing the extraordinary abilities and dedication of the youth, the Defence Minister expressed confidence in achieving extraordinary goals. He also highlighted the government's commitment to providing equal opportunities for women in every field, aligning with the long-term approach for a prosperous and self-reliant India.