Indian defence industry fast going global, exports to touch 35000 cr by 2024: Army Chief

at 11:24 am

New Delhi (NVI): Indian defence industry is fast going global with the exports of ‘Made in India’ armoury expected to touch Rs 35,000 crore figure by 2024, up from the current annual figure of Rs 11,000 crore, Indian Army Chief General Bipin Rawat has said.

General Rawat, who was speaking at an event of Indigenous Defence Equipment Exporters Association here said: “we are now gradually becoming an export-oriented defence industry. Our defence exports which range in the figure of Rs 11,000 crore annually, are set to achieve the figure of Rs 35,000 crore approximately by the year 2024.”

“In the past few years, numerous initiatives have been taken and various schemes have been launched to energise the defence sector in India and therefore we remain deeply committed to the ethos of indigenisation,” he added.

“In order to maintain peace and stability, the armed forces have to be capable to deliver the intent when called upon to do so. For that, we need well-trained manpower, soldiers, sailors and airmen who are empowered. I believe that empowerment of the soldiers come from good training providing them with good quality weapon and equipment,” said Rawat.



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