Defence Sector Flying High!
India’s defence sector is booming, and it’s not just a coincidence. Several factors are contributing to this positive growth. Government initiatives like ‘Atmanirbhar Bharat’ are pushing for local production, and the defence budget is also seeing a boost. With rising global tensions, the need for a strong defence sector is more important than ever.
Make in India, Win-Win for All
The focus on ‘Make in India’ is a game-changer. Not only does it strengthen our defence capabilities, but it also creates jobs and boosts the economy. The government is also investing heavily in future technologies like AI and robotics, making our defence forces even more powerful.
Big Numbers, Big Achievements
A recent Nirmal Bang report highlights some impressive figures. The annual defence production has crossed a whopping Rs 1.27 trillion and is expected to reach Rs 1.75 trillion by FY25. The target? A massive Rs 3 trillion by 2029! This shows India’s commitment to becoming a global defence manufacturing hub.
Record-Breaking Contracts
In 2024-25, the Ministry of Defence signed a record 193 contracts worth over Rs 2.1 trillion! This is almost double the previous highest, showing the government’s serious focus on defence.
Domestic Companies Leading the Way
Indian companies are playing a major role in this growth story. Out of the 193 contracts, 177 (92%) were awarded to domestic firms, worth Rs 1.6 trillion (81%). This proves that ‘Atmanirbhar Bharat’ is not just a slogan but a reality.
What’s Next?
India’s defence sector is set for continued growth. With increasing investments, focus on local manufacturing, and rising global demand, the future looks bright. Yeh hain latest updates on India’s defence sector ki kamaal kahani!
