India's Defence Minister Rajnath Singh calls for 50% private sector involvement in defense production and self-reliance.

India's Defence Minister Rajnath Singh urged increased private sector involvement in defense production, targeting at least 50% participation. Speaking at the Society of Indian Defence Manufacturers, he highlighted record production of ₹1.27 lakh crore in FY 2023-24, with DPSUs contributing ₹1 lakh crore and private firms ₹27,000 crore. Singh emphasized the need for self-reliance and export orientation, calling for collaboration with foreign firms and investment in advanced technologies.

October 04, 2024
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