India becoming a self-reliant defence mfg hub: PM Independence Day speech

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India becoming a self-reliant defence mfg hub: PM Independence Day speech - Business Standard

Quick Summary:

Defence exports also saw significant growth, with Rs 21,083 crore worth of military hardware exported—a 32.5 per cent increase over the previous year.

For the ongoing financial year 2024-25, the Union Budget allocated Rs 6,21,940.85 crore to the Ministry of Defence, a 4.79 per cent increase from last year and the highest among the ministries.

He said India was growing as a manufacturing hub with an increasing number of foreign companies looking to invest in the nation."Today, many of the world's largest companies want to invest in India.