Defence Ministry to achieve defence production worth 1.75 lakh crore by 2025

Jul 13, 2022

New Delhi, July 13 (ANI): Defence Minister Rajnath Singh, while attending interaction program with Defence Public Sector Undertakings (DPSU) officials on July 13 said that Defence Ministry took numbers of steps to achieve self-reliance in Defence sector. “With goal to achieve self-reliance in Defence sector, Defence Ministry has taken a number of steps. Thanks to formulation of Defence Acquisition Procedure 2020, acquisition of defence equipment simplified. The process of acquiring a license made easier,” he said. “Under the Innovation and Defence Excellence (iDEX), much has been done to inspire innovators. The ministry has set a goal of Rs 1.75 lakh crore worth of defence production by 2025. Out of this, exports would account for Rs 35,000-40,000 crores,” he added.