India’s defence exports crossed record ₹21,000 crore over decade : Rajnath Singh

NEW DELHI : Defence Minister Shri Rajnath Singh said on Monday (December 30, 2024) that India’s defence exports have crossed a record ₹21,000 crore from ₹2,000 crore a decade ago.

Addressing officers at the Army War College (AWC) in more than two-centuries-old Mhow Cantonment, Mr. Singh said a target has been set to achieve defence exports of ₹50,000 crore by 2029.

Sharing the numbers, he said India’s exports have crossed a record Rs 21,000 crore, up from Rs. 2,000 crore ten years ago.

Mr Singh went on to say that India has set a target for annual defence exports to cross Rs. 50,000 crore within the next five years. He was addressing officers at the Army War College in Mhow Cantonment in Madhya Pradesh.

“Our defence exports, which were around Rs 2,000 crore a decade ago, have crossed the record figure of Rs 21,000 crore today. We have set an export target of Rs 50,000 crore by 2029,” Mr Singh said.

The defence minister’s speech focused on the evolving nature of warfare globally. He emphasised on how the mastering of frontier technologies is essential in today’s era of technology.

Elaborating on his statement, Mr Singh said “Unconventional methods of warfare – like information warfare, Artificial Intelligence or AI-based warfare, proxy warfare, electromagnetic warfare, space warfare, and cyber-attacks are posing a big challenge.” He stressed on the need for the military to be well-trained and equipped to fend off such attacks.

Sharing the numbers, he said India’s exports have crossed a record Rs 21,000 crore, up from Rs. 2,000 crore ten years ago.

Mr Singh went on to say that India has set a target for annual defence exports to cross Rs. 50,000 crore within the next five years. He was addressing officers at the Army War College in Mhow Cantonment in Madhya Pradesh.

“Our defence exports, which were around Rs 2,000 crore a decade ago, have crossed the record figure of Rs 21,000 crore today. We have set an export target of Rs 50,000 crore by 2029,” Mr Singh said.

The defence minister’s speech focused on the evolving nature of warfare globally. He emphasised on how the mastering of frontier technologies is essential in today’s era of technology.

Elaborating on his statement, Mr Singh said “Unconventional methods of warfare – like information warfare, Artificial Intelligence or AI-based warfare, proxy warfare, electromagnetic warfare, space warfare, and cyber-attacks are posing a big challenge.” He stressed on the need for the military to be well-trained and equipped to fend off such attacks.