Vadodara, Dec. 2 -- India is setting its sights on becoming a global defence manufacturing hub with a target of achieving defence production worth Rs 3 lakh crore and defence exports worth Rs 50,000 crore by 2029, Defence Minister Rajnath Singh said.

Speaking at the Sardar Sabha in Vadodara, Gujarat, on Tuesday, he outlined the government's roadmap for building a self-reliant and strong defence ecosystem.

"Today, due to the 'Make-in-India' initiative, we are becoming Aatmanirbhar in defence production, while exporting military equipment to friendly countries. Our defence exports have increased nearly 34-fold in the last 11 years. We aim to achieve defence production worth Rs 3 lakh crore and defence exports worth Rs 50,000 crore by 2029...