India, Aug. 9 -- The Government of India issued the following news release:
The annual defence production has soared to an all-time high figure of Rs 1,50,590 crore in the Financial Year (FY) 2024-25. The milestone represents a robust 18% growth over the previous fiscal's output of Rs 1.27 lakh crore, and a staggering 90% increase since FY 2019-20, when the figure was Rs 79,071 crore.
Raksha Mantri Shri Rajnath Singh has lauded the collective efforts of the Department of Defence Production and all stakeholders i.e., DPSUs, public sector manufacturers, and the private industry in achieving this landmark. He termed the upward trajectory as a clear indicator of India's strengthening defence industrial base.
Defence Public Sector Undertaking...