Print

India’s defence exports reach record high, says Defence Minister Rajnath Singh

Union Defence Minister Rajnath Singh on Monday said that India’s defence exports have achieved a historic milestone, exceeding Rs 21,000 crore.

In a post on X, Singh said, “Delighted to inform everyone that the Indian defence exports have scaled to unprecedented heights and crossed Rs 21,000 crore mark for the first time in the history of Independent India! India’s defence exports have reached the level of Rs 21,083 crore in the financial year 2023-24, which is a spectacular growth of 32.5 per cent over the previous fiscal.”

https://twitter.com/rajnathsingh/status/1774713827768361411?t=D4B-MUg_QjLamnrZzFzzHA&s=19

India exports defence equipment and parts to 84 countries and regions across the globe, including Italy, Maldives, Sri Lanka, Russia, UAE, Poland, Philippines, Saudi Arabia, Egypt, Israel, Spain and Chile.

Key defence items being exported include personal protective items, offshore patrol vehicles, ALH helicopters, SU Avionics, coastal surveillance systems, light engineering mechanical parts, Kavach MoD, among others.

RELATED ARTICLES

14/10/26 | 11:09 pm | Agricultural exports

India, Brunei Darussalam Review Trade Ties, Explore Ways to Expand Market Access

The third meeting of the India–Brunei Darussalam Joint Trade Committee (JTC) reviewed bilateral trade and economic cooperation, with both sides exploring ways to expand trade, improve market access and facilitate business-to-business exchanges. The...

14/10/26 | 5:10 pm | Fairfax Financial Holdings

Cabinet approves Rs 52,878 crore sale of 60.72% stake in IDBI Bank to Fairfax entity

The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved Canada-based Fairfax Financial Holdings Ltd. as the strategic buyer for a 60.72% stake in IDBI Bank for approximately ₹52,878.08 crore. The transaction comprises the sale of a ...

14/10/26 | 4:50 pm | Annual Meetings

Nirmala Sitharaman to Attend IMF-World Bank Annual Meetings in Bangkok

Union Finance and Corporate Affairs Minister Nirmala Sitharaman will visit Bangkok, Thailand, from October 14 to 18 to participate in the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group, along with meetings of G20 an...