(PTI)
The government’s aim is to take the Indian economy to USD 10 trillion by 2030, and defence is one of the sectors that will help contribute towards it, Defence Minister Rajnath Singh said.Speaking at the Society of Indian Defence Manufacturers (SIDM) Annual General Meeting, held with the theme ‘Make in India: Marching Towards USD 26 billion Defence Industry by 2025’, Singh said due to several reasons, the Indian defence industry in the past had not performed to its fullfull potential.
“This has led to the country’s dependence on imported arms,” he said. Under the ‘Make in India’ initiative, several important steps have been taken to change the status quo and to make India not only a major arms manufacturing hub in the world but also a net defence exporter, the defence minister said.
