(ET)
Defence Minister Rajnath Singh on Saturday said the government is working and committed to increasing the defence production target from current $12 billion to $22 billion by 2025.
“You (industry) can imagine, with this kind of growth, how many opportunities will be available for the Indian industry,” the Defence Minister said while addressing FICCI’s 95th Annual Convention & AGM here. He further underlined that to increase the participation of domestic industry, the government has reserved a certain portion of defence capital acquisition for domestic procurement.
