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Defence production

Facts for Prelims (FFP)

Source: HT

Context: The value of defence production in India has exceeded ₹1 lakh crore (₹1 trillion) for the first time.

  • Over the past five years, the value of defence production by both state-run companies and the private sector has nearly doubled.

 

About Defence Indigenization:

About
Defence IndigenizationThe process of developing and manufacturing defence equipment within a country to reduce import dependency and achieve self-reliance.
India’s RankingIndia is ranked as the 2nd largest importer of arms for its armed forces in 2016-20, as per SIPRI report.
Measures taken by India for increasing domestic defence productionImport bans; Separate budgets for domestic procurement; Increased foreign direct investment (FDI); Integration of MSMEs and start-ups into the defence supply chain; Defence Industrial corridors; Increase in defence licenses issued; Corporatization of the Ordnance Factory Board (OFB); Emphasis on defence exports (reaching ₹15,920 crores in FY 2022-23).
TargetIndia aims to achieve a turnover of ₹1,75,000 crore in defence manufacturing by 2024-25.
Export targetsIndia is currently exporting military hardware to around 85 countries, including missiles, artillery guns, rockets, vehicles, patrol vessels, protective gear, radars, surveillance systems, and ammunition. The goal is to achieve a defence export target of ₹35,000 crore by 2024-25.
Examples of Indigenous technologiesINS Vikrant (Indigenous Aircraft Carrier 1); Tejas aircraft; Long-range artillery gun “Dhanush”; Arihant; AGNI V; Pinaka Multi Barrel Rocket Launcher; Supersonic Cruise Missile BRAHMOS; Arjun Tank, etc.