New Delhi, Apr 1 : Defence Minister Rajnath Singh on Monday said that for the first time in the history of Independent India, the country’s defence exports has reached an all time high of Rs 21,000 crore in the financial year 2023-24 which is 32.5% more than the previous fiscal.

The Defence Minister on X 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!”

He said that the defence exports have reached to the level of Rs 21,083 crore in the financial year 2023-24 which is 32.5% more than the previous fiscal.

Singh said that under the Prime Minister Narendra Modi’s visionary leadership, the Defence Ministry had taken several initiatives to spur India’s defence manufacturing and exports.

Our defence industries including the Private Sector & DPSUs have registered a commendable performance in the recent years. Congratulations to all stakeholders on crossing the new milestone in defence exports”.

UNI