New Delhi (NVI): Defence Minister Rajnath Singh today expressed confidence that Hindustan Aeronautics Limited (HAL), through its various platforms, will contribute significantly in achieving the Rs 35,000 crore defence exports target by 2024.
He said that in the last five years, India has made significant progress towards manufacturing military equipment indigenously under the ‘Make in India’ initiative.
The Defence Minister was speaking after inaugurating the new Light Combat Helicopter Production Hangar at Helicopter Division in Hindustan Aeronautics Limited (HAL) Complex at Bengaluru, Karnataka today.
Stressing that the defence industry plays a major role in the economic development of the country, Rajnath lauded the significant contribution of organisations like HAL.
HAL, a Defence Public Sector Undertaking (DPSU) has helped India leapfrog six places to become the fifth-largest economy in the world, the Defence Ministry said in a statement today.
