Crafting Tanks, Jets, and More: India's ₹3 Lakh Crore Defense Production Goal by 2029

India aims for ₹3 lakh crore in defense production and ₹50,000 crore in exports by 2029. In 2024-25, a record ₹1.54 lakh crore was produced. Exports rose 34 times (₹23,622 crore). 16,000 MSMEs are contributing. Import reliance has decreased, and domestic production has surged by 174%.
BrahMos missile during combat launch test. (File Photo: DRDO)

Source: aajtak

Union Minister Dr. Mansukh Mandaviya highlighted remarkable strides in defense self-reliance during a press conference. He stated that India is now self-sufficient in defense production – a robust strategic reality, beyond mere policy. The government's target is to reach ₹3 lakh crore in defense production and ₹50,000 crore in exports by 2029.

Indigenous Defense Assets: The BrahMos missile system, Akash systems, and more showcase India's strides in self-reliance.

Challenges of a Decade Ago and Today's Reforms...

 A decade ago, the defense sector was bogged down by slow procurement, high imports, scant private sector participation, and negligible exports. Now, significant improvements are taking place...

India's defense production target

Source: aajtak

Future Vision: The minister outlined a clear goal – achieve ₹3 lakh crore in production and ₹50,000 crore in exports by 2029. Partnering with private sector, MSMEs, and startups, India aims to become a global leader in defense. Rapid strides towards self-reliance in defense production, reduced imports, and burgeoning exports are a testament to this ambition.

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