In a first, India named in top 25 defence products exporting countries
Union minister Rajnath Singh said defence exports meant an increase in our capability, calibre and standard.
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New Delhi, Oct 21: In a historic achievement, India has been listed among the top 25 defence products exporting countries list worldwide, Defence Minister Rajnath Singh informed on Thursday.
"I am feeling happy to inform you that as per Stockholm International Peace Research Institute 2020 report, for the first time India is among the top 25 defence products exporting countries list,” Singh said.
Singh made the comments while attending an event of Defence Public Sector Undertakings. The Minister said, "Defence exports mean an increase in our capability, calibre, standard. To promote export of defence items and to make India part of global defence supply chain we have set a target of Rs 35,000 crores export in aerospace and defence good services by 2024-25".
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There are nine Central Public Sector Undertakings under the administrative control of the Department of Defence Production, Ministry of Defence. which are as follows: Hindustan Aeronautics Limited (HAL), Bharat Electronics Limited (BEL), Bharat Dynamics Limited, BEML limited, Mishra Dhatu Nigam Limited, MazgaonDock Shipbuilders Limited, Garden Reach Shipbuilders and Engineers Limited, Goa Shipyard Limited and Hindustan Shipyard Limited.
