India’s defence export is likely to double to Rs 10,000 crore by the end of the current financial year, Secretary of Defence Production Ajay Kumar said here on Friday.
He was speaking at a seminar on ‘Opportunities for Defence and Aeronautics in Gujarat’ organised as part of the 9thedition of the Vibrant Gujarat Global Summit.
“Indian industry has been doubling the defence exports in the last three years. Three years back, total defence export from India was only about Rs 1,500 crore. Last year, the figure reached Rs 4,500 crore. This year, by November, we have done Rs 7,500 crore export, and by March we are going to cross Rs 10,000 crore,” Kumar said.
He said the growth in defence export was possible due to the government’s reforms, which made it easier for private companies to enter the defence sector. Read More