India witnessing transitional phase towards self-reliance in defence sector: Rajnath Singh

He said the defence ministry has set a target of Rs 1.75 lakh crore of defence production by 2025, which includes export of Rs 35,000 crore

|Jul 13, 2022, 17:36:03 IST

New Delhi: India is witnessing a transitional phase towards self-reliance in defence sector and senior officials of defence PSUs should work together to ensure that their companies are among world's best, Defence Minister Rajnath Singh said on Wednesday.

According to a defence ministry's statement, Singh said in his speech at an event here that the defence ministry has set a target of Rs 1.75 lakh crore of defence production by 2025, which includes export of Rs 35,000 crore.

He exuded confidence that the defence public sector undertakings (PSUs) will play a major role in achieving this goal with a contribution of 70-80 per cent, urging CMDs (chairman and managing directors) and NODs (non-official directors) to work hand in hand to ensure that their companies find place among world's best in different fields, the statement said.

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