India poised to achieve defence equipment exports target worth Rs 40,000 by 2026, says Defence Minister Rajnath Singh

Defence Minister Rajnath Singh has said that India is poised to achieve defence equipment exports target worth 40 thousand crore rupees by 2026. He said, defence exports have witnessed a quantum jump in the last few years and from 900 crore rupees in seven to eight years ago, defence exports have now reached to 14 thousand crore rupees. The Minister stated this while addressing the ‘Rising India Conclave’ in New Delhi today.

Mr. Singh has credited the bold approach and unwavering resolve of the government, which has ensured secured borders and battle-ready armed forces. Terming national security as the government's top priority, he asserted that relentless efforts are being made to attain self-reliance in the defence sector. Highlighting the progress made by the country in all sectors, Mr. Singh said the country’s stature at the global stage is rising and the Indian economy has now attained a new height by becoming ‘fabulous five’ from the status of ‘fragile 5’. He lauded the Prime Minister’s visionary leadership which has guided India to become the fifth largest economy.

The Defence Minister described India's diplomacy as another facet of Rising India. He said, the Presidency of G-20 and Shanghai Cooperation Organisation (SCO) are proof of India’s growing stature.

He said, India has led the world on issues like terrorism and has been successful in garnering support to eliminate the menace. He emphasised that countries, which use terrorism as a tool, are well aware of the fact that India never harms anyone unnecessarily, nor does it spare anyone who tries to hurt its unity, integrity and sovereignty. Lauding the surgical strikes, he said, the move broke the back of terrorists and sent a strong message to the world that India will eliminate terrorism. He said, whether it was the stand-off with China or ill intentions from Pakistan, the country's armed forces have always given a befitting reply.

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