Defence Production Value Crosses Rs 1 Lakh Crore-Mark For 1st Time: Centre
NDTV
The DAP 2020 provides special provisions to encourage MSMEs and start-ups, minister Ajay Bhatt said.
The value of defence production crossed Rs 1 lakh crore-mark in 2022-23 - the first time ever in the country, the central government said on Friday.
Minister of State for Defence Ajay Bhatt, in a written response to a query in Lok Sabha, also said that the government in the past few years has encouraged indigenous design and manufacture of defence equipment by the local industry, including MSMEs and start-ups, promoting the ease-of-doing business in defence manufacture and technology in the country.
When asked whether the value of defence production crossed the figure of Rs 1 lakh crore for the first time ever in the financial year 2022-23, the minister said, "Yes, sir."
