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Raksha Mantri Shri Rajnath Singh has said the Government is committed to work towards achieving a USD 26 billion Defence industry by 2025. Addressing the second annual session of Society of Indian Defence Manufacturers here today, he said the Defence sector has been identified as one of the most prominent sectors under “Make in India” Initiative to realize USD 5 Trillion Economy by 2024.
Underlining the need to reduce dependency on arms imports, Raksha Mantri said several steps have been taken under the “Make in India” initiative to make the country a major Defence manufacturing hub and net Defence exporter. The Government would not hesitate to initiate more measures, if required, he added.