India’s defence exports in past seven years have crossed ₹38,000 crore: Rajnath Singh
The Hindu
The Defence Minister urged the MSMEs to invest more in research and development as it would help strengthen the nation’s security.
India has exported defence items worth more than ₹38,000 crore in the past seven years and the country hopes to become an overall net exporter soon, Defence Minister Rajnath Singh said on December 4.
“We have an estimated ₹85,000 crore industry of aerospace and defence. The contribution of the private sector in this has increased to ₹18,000 crore,” he said in his speech at the MSME conclave of the Society of Indian Defence Manufacturers (SIDM).
Mr. Singh urged the MSMEs to invest more in research and development as it would help strengthen the nation’s security.
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