The Indian government has set a target of achieving defence manufacturing worth Rs 1,75,000 crore, including defence exports of Rs 35,000 crore by 2024-25. Minister of state for Defence Ajay Bhatt said the value of production undertaken by private companies and state-run defence manufacturers in 2021-22 was Rs 86,078 crore while the amount was Rs 88,631 crore in 2020-21 and Rs 63,722 crore in 2019-20.
