Defence Minister Rajnath Singh on Friday said that India has reached the highest-ever growth in the value of defence items’ production in 2023-24. He said the country took a significant leaps under the ‘Make in India’ initiative and production values surged from the fiscal year 2022-2023 by 16.8 per cent to Rs. 1,26,887 crores in FY 2023-2024.
“The Make in India programme is crossing new milestones, year after year, under the leadership of PM Narendra Modi. India has registered the highest ever growth in the value of defence production in 2023-24. The value of production has reached to Rs. 1,26,887 crore in 2023-24 which is 16.8% higher than the value of production of previous financial year. Many congratulations to our industry including DPSUs, other PSUs manufacturing defence items and the Private industry. The Government is committed to create more conducive regime for developing India as leading Global Defence Manufacturing Hub,” the Minister said in a post on X.
The Make in India programme is crossing new milestones, year after year, under the leadership of PM Shri @narendramodi.
India has registered the highest ever growth in the value of defence production in 2023-24. The value of production has reached to Rs. 1,26,887 crore in…
— Rajnath Singh (@rajnathsingh) July 5, 2024
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