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Singh was speaking at the ‘Defence Conclave 2025 — Force of the Future’ hosted by ‘The Week’ magazine.The value of India’s defence production this year is expected to cross Rs 1.60 lakh crore and the target is to manufacture military hardware worth Rs 3 lakh crore by 2029, Defence Minister Rajnath Singh said on Thursday.
India will reduce its dependency on imports and create a defence industrial eco-system that will not only meet the country’s needs but will also strengthen the potential of defence exports, he said.
Singh was speaking at the ‘Defence Conclave 2025 — Force of the Future’ hosted by ‘The Week’ magazine.
“The day is not far when India will not only emerge as a developed country, but our military power will also emerge as the number one in the world,” he asserted. “This year, defence production should cross Rs 1.60 lakh crore, while our target is to produce defence equipment worth Rs 3 lakh crore by the year 2029,” he said.
The defence minister said while India’s defence manufacturing capabilities are aimed at national security and strategic autonomy, they are also insulating manufacturing from global “supply shocks”.
- Published On Apr 18, 2025 at 11:19 AM IST
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