India’s defence exports have touched all-time high of INR 21,000 cr says Rajnath Singh

India’s Defence Minister Rajnath Singh on Monday mentioned that for the primary time within the historical past of Independent India, the nation’s defence exports have touched an all time high of INR 21,000 crore within the monetary 12 months 2023-24, which is 32.5 p.c greater than the earlier fiscal.

In his X submit, Rajnath Singh mentioned, “Delighted to tell everybody that the Indian Defence Exports have scaled to unprecedented heights and crossed Rs 21,000 crore mark for the primary time within the historical past of Independent India!”

Singh mentioned that underneath Prime Minister Narendra Modi’s ‘visionary management’, the Defence Ministry had taken a number of initiatives to spur India’s defence manufacturing and exports.

“Our defence industries together with the Private Sector & DPSUs have registered a commendable efficiency within the current years. Congratulations to all stakeholders on crossing the brand new milestone in defence exports,” he mentioned.

Singh shared the knowledge at a time when India is gearing as much as elect a brand new Lok Sabha (decrease home of the Indian Parliament).

India will vote in seven phases from April 19 to elect a brand new Lok Sabha.

The counting of votes will happen on June 4.