Defence Exports: 2023 witnesses record defence exports, all-time high productions
NEW DELHI: In the year 2023 the ministry of defence it witnessed defence exports reaching an all-time high--almost Rs 3,000 crore more than the previous financial year--and defence productions crossing the figure of Rs one lakh crore for the first time.The year also saw growing 'global' demand for LCA-Tejas, light combat helicopters, aircraft carriers and others. To achieve 'Aatmanirbharta' in defence and armed forces modernisation surged ahead with renewed thrust, the strengthening of border infrastructure, utilising Nari Shakti and ensuring ex-servicemen welfare were at the core of the functioning of the defence ministry. As per the defence ministry, exports reached an all-time high of around Rs 16,000 crore in the financial year (FY) 2022-23, almost Rs 3,000 crore more than the previou...