India aims to take defence exports to $5 bn by 2025: PM

Prime Minister Narendra Modi on Monday said that India aims to take defence exports to $5 billion by 2024-25 and it will move fast to join the defence-producing countries.
The country which was the biggest defence importer for decades now exports defence equipment to 75 countries, Modi said.
“India has rejuvenated its defence sector in the last 8-9 years. We consider this to be just the beginning. We aim to take defence exports to $5 billion by 2024-25. India will now move fast to join the defence producing countries,” he said after inaugurating Aero India 2023 here.
Modi said India today isn’t just a market for world defence companies but is a partner, and the country is also emerging as a suitable partner for countries that are looking to fulfill their security needs.
“Our technology is cost-effective as well as credible coupled with honest intent,” he added. Modi said Tejas fighter planes, indigenously developed INS Vikrant as well as the Helicopter factory in Tumakuru are examples of Make in India’s strength.
PM said today’s India thinks fast, and far and takes quick decisions and added that the India of Amrit Kaal is moving forward like a fighter pilot, and is not afraid to touch heights and eager to fly high.
The PM said there was a time when Aero India was considered a window of defence show in India, but through the years, the event has developed as a reflection of India’s strength with a focus on its defence sector.
“India’s successes are giving proof of its possibilities and capability and added that Tejas aircraft roaring in the sky is the proof of the success of ‘Make in India’. The new India of the 21st century will neither miss any opportunity nor leave any stone unturned in its hard work. We are gearing up,” he said.
“Today’s event also reflects the new thinking of India. Today this event is not just a show, it is also the strength of India and also focuses on the scope and self-confidence of India’s defense industry,” the PM added.
PM Modi asserted that the Aero India event has developed as a reflection of India’s strength with a focus on India’s defence sector. “There was a time when Aero India was considered a window of defence show in India. Through the years, this event has developed as a reflection of India’s strength with a focus on India’s defence sector,” said PM Modi.
“India of ‘Amritkal’ is moving forward like a fighter pilot, who is not afraid of touching heights. Who is excited to fly high? Today’s India thinks fast, thinks far and takes quick decisions,” he continued.