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 Indigenization | The process of developing and manufacturing defence equipment within a country to reduce import dependency and achieve self-reliance. |
| India’s Ranking | India 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 production | Import 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). |
| Target | India aims to achieve a turnover of ₹1,75,000 crore in defence manufacturing by 2024-25. |
| Export targets | India 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 technologies | INS 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. |
