India’s defence exports would reach Rs 30,000 crore by March 2026, claimed Defence Minister Rajnath Singh while addressing Society of Indian Defence Manufacturers (SIDM) here today.

Defence exports stood at Rs 23,622 crore in the previous fiscal ending March 2025. India is exporting guns, missiles, ammunition and sub-parts of equipment to several countries.

The minister assured the industry that work is underway to revise the Defence Acquisition Procedure 2020. He asked private entrepreneurs to increase contribution to the domestic defence manufacturing. At present, the private industry, in the last fiscal made about Rs 33,000 crore worth of equipment out of the total defence production of ₹1.50 lakh crore. The minister said the private industry contribution should be at least 50 per cen

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