With the growing trend of shipments in recent years, exports of defence products will exceed the Rs 35,000 crore target by 2024-25, an official said. "I expect the exports will surpass the target of Rs 35,000 crore by 2024-25," Defence Production Department Secretary Ajay Kumar said.
Defence components are key drivers, he said. Mr Kumar was in the city to promote private sector participation in defence production and also inaugurated a facilitation centre for the defence production at Bharat Chamber of Commerce. "Defence exports had been growing exponentially. It is like a big rock, which is hard to move, but once it starts rolling, it only gains momentum," he said.
With the growing trend of shipments in recent years, exports of defence products will exceed the Rs 35,000 crore target by 2024-25, an official said. "I expect the exports will surpass the target of Rs 35,000 crore by 2024-25," Defence Production Department Secretary Ajay Kumar said.
Defence components are key drivers, he said. Mr Kumar was in the city to promote private sector participation in defence production and also inaugurated a facilitation centre for the defence production at Bharat Chamber of Commerce. "Defence exports had been growing exponentially. It is like a big rock, which is hard to move, but once it starts rolling, it only gains momentum," he said.