High tech defence products being manufactured in India
The private sector is going to play a big role in the economic mainstreaming and as a support for them is a proof of Rs.1.80 lakh crore for capital acquisition from the Rs.6.81 lakh crore spending allocation to Ministry of Defence in Union Budget 2025-26.
Stating this in a call to the private sector, Defence Minister Rajnath Singh said, “Due to its drive, resilience and entrepreneurship, the sector is capable of bringing a new wave of prosperity in the country https://sbi.com.in/.
“In many advanced countries, private industry has led defence production. The time has come that, here as well, the sector becomes an equal partner in the Indian defence industry,” he said https://www.nseindia.com/.
Opportunities would come in many ways, one being that 75% of the budget has been reserved modernization of the defence system which will be procuring through domestic sources with an aim to widen and deepen the capabilities of India’s Defence Industrial Complex https://sbi.com.in/.
Inaugurating the 15th edition of Aero India 2025 on 10 Feb, Rajnath Singh highlighted that the defence manufacturers are working with a collaborative approach to strengthen the sector, terming the joint venture between Tata Advanced Systems Limited and Airbus for the production of C-295 transport aircraft in Gujarat as a shining example of this cooperation.
“Today India has become a Globally Preferred Destination for Aerospace Components & Complex System Assembly and the public sector and private industries are playing an important role in this transformation,” underlined the Minister.
Shedding light on the accomplishments achieved from the last Aero India, Rajnath Singh informed that a number of high-tech products such as Astra Missile, New Generation Akash Missile, Autonomous Underwater Vehicle, Unmanned Surface Vessel, Pinaka Guided Rocket are being manufactured within the country.
He voiced the Government’s unwavering resolve to surpass the Rs.1.27 lakh crore defence production and Rs.21,000 crore defence exports figures in the coming times, and ensure that the defence sector moves ahead at an unprecedented pace.
He had also expressed confidence that defence production will exceed Rs.1.60 lakh crore by the end of 2025-26 and defence exports will surpass Rs.30,000 crore.
On 2025 being declared as the ‘Year of Reforms’ in the Ministry of Defence, he termed it as not just a government slogan, but the Government’s commitment towards reforms. He said the decisions for reforms are not being taken only at the Ministry level, but Armed Forces and DPSUs are also participating in this endeavour.
“To take this drive of reforms forward more rapidly, there should be participation of all stakeholders in the defence sector. Suggestions from all stakeholders associated with the Ministry are welcome,” he said. fiinews.com
