: India aims Defence production of Rs 1.75 lakh cr including exports of Rs 35,000 cr by 2025 #finance #StockMarketNEWS India aims Defence production of Rs 1.75 lakh cr including exports of Rs 35,000

India aims Defence production of Rs 1.75 lakh cr including exports of Rs 35,000 cr by 2025 #finance #StockMarketNEWS
India aims Defence production of Rs 1.75 lakh cr including exports of Rs 35,000 cr by 2025 New Delhi, July 14 (KNN) The Ministry of Defence has set a target of Rs 1.75 lakh crore of defence production by 2025 which includes export of Rs 35,000 crore.

Defence Minister Rajnath Singh said this during a workshop organised by Department of Defence Production in New Delhi on Wednesday.

He urged the Non-Official Directors (NODs) of Defence Public Sector Undertakings (DPSUs) to ensure smooth implementation of various initiatives taken by the Government towards achieving ‘Aatmanirbharta in Defence’.

Asserting on the transitional phase India is currently witnessing towards self-reliance, he listed out various initiatives taken by MoD to achieve self-reliance, including simplification of acquisition process of defence equipment/platforms under Defence Acquisition Procedure 2020.

He exuded confidence that the DPSUs will play a major role in achieving this goal with a contribution of 70-80 per cent, urging CMDs & NODs to work hand-in-hand to ensure that these public sector companies find place among world’s best in different fields.

The Minister also appealed the NODs to strike a balance between the interests of the management & shareholders and contribute in decision making. (KNN Bureau)

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