The growing acceptance of Indian products in the global market and the capacity of the Indian defense sector to participate in the global supply chain are reflected in the notable 42.85% growth in exports by the Defence Public Sector Undertakings (DPSUs) in FY 2024–2025.
DPSUs and the private sector contributed Rs 8,389 crore and Rs 15,233 crore, respectively, to defense exports in FY 2024–2025, whereas the comparable amounts for FY 2023–2024 were Rs 5,874 crore and Rs 15,209 crore.
Rajnath Singh, the minister of defense, thanked everyone involved on the accomplishment. He claimed that India was making progress toward reaching the goal of raising defense exports to Rs 50,000 crore by 2029 under the direction of Prime Minister Narendra Modi.
India's military has changed from being heavily reliant on imports to being more independent and producing its own goods. In a significant increase in defense exports, a variety of goods, including weapons, ammunition, subsystems and systems, and parts and components, were shipped to almost 80 countries in the just ended fiscal year.
Requests for export authorization can be submitted and processed using a dedicated portal maintained by the Department of Defense Production. In FY 2024-25, a total of 1,762 export authorizations were granted, representing a 16.92% increase over the 1,507 that were granted the year before. In the same time frame, the overall number of exporters increased by 17.4%.
In order to support the Indian defense sector, the central government has implemented a number of policy changes in recent years. These include extending the license period, simplifying the industrial licencing process, and removing parts and components from the license regime.
In order to increase exports from the nation, additional rules were included in the most recent fiscal year, and the standard operating process for granting export authorization was significantly simplified.
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