Office Address
123/A, Miranda City Likaoli Prikano, Dope
Phone Number
+0989 7876 9865 9
+(090) 8765 86543 85
Email Address
info@example.com
example.mail@hum.com
123/A, Miranda City Likaoli Prikano, Dope
+0989 7876 9865 9
+(090) 8765 86543 85
info@example.com
example.mail@hum.com
Defence
exports have touched a record Rs 21,083 crore (approx. US$ 2.63 Billion) in the
Financial Year (FY) 2023-24, a growth of 32.5% over the last fiscal when the
figure was Rs 15,920 crore. The recent figures indicate that the defence
exports have grown by 31 times in the last 10 years as compared to FY 2013-14.
The
defence Industry, including the private sector and Defence Public Sector
Undertakings (DPSUs), have made tremendous efforts in achieving the
highest-ever defence exports. The
private sector and the DPSUs have contributed about 60% and 40% respectively.
In
addition, there has been a rise in the number of export authorisations issued
to the defence exporters during FY 2023-24. From 1,414 export authorisations in
FY 2022-23, the number jumped to 1,507 in FY 2023-24.
A
comparative data of two decades i.e. the period from 2004-05
to 2013-14 and 2014-15 to 2023-24 reveals that there has been a growth of 21
times in the defence exports. Total defence exports during 2004-05 to 2013-14
were Rs 4,312 crore, which has gone up to Rs 88,319 crore in the period from
2014-15 to 2023-24.
The remarkable growth has been achieved
due to the policy reforms and ‘Ease of Doing Business’ initiatives brought in by the Government, in
addition to the end-to-end digital solution provided to the Indian industries
for promoting defence exports. This growth is a reflection of global
acceptability of Indian defence products and technologies.
Through a
post on X, Raksha Mantri Shri Rajnath Singh congratulated all stakeholders on
crossing the new milestone in defence exports
