Finance
Raksha Mantri Shri Rajnath Singh laid out a compelling vision for a self-reliant and future-ready India at a Defence Conclave in New Delhi today on April 17, 2025. With a clear focus on indigenisation, innovation, and global leadership, he declared that India is not only securing its borders but also positioning itself as a key player in the international defence ecosystem. “The day is not far when India will not only emerge as a developed country, but our Military Power will also emerge as the number one in the world,” he added.
Raksha Mantri reiterated that under the leadership of Prime Minister Shri Narendra Modi, the revival and strengthening of the defence sector is one of the biggest priorities for the government. He further stated that the government’s first and foremost challenge was to change the mindset that India would simply import to meet its defence needs. “India will reduce its dependency on imports and create a defence industrial complex that will not only meet India’s needs but will also strengthen the potential of defence exports,” he emphasised.
“Today, while India’s defence sector is moving ahead on the path of self-reliance, it is also ready to play a very important role in making global supply chains resilient,” Raksha Mantri emphasised. He added that the Make in India program is not only strengthening the country’s defence production but also has the capability to make the global defence supply chain resilient and flexible. He further stated that while India’s defence manufacturing capabilities are aimed at national security and strategic autonomy, they are also insulating manufacturing from global supply shocks.
Shri Rajnath Singh underlined that India’s growing defence capability is not meant to provoke conflict. “Our defence capabilities are like a credible deterrence, to maintain peace and tranquillity. Peace is possible only when we remain strong,” he added.
On the evolving nature of warfare, Shri Rajnath Singh underscored that in the coming days, conflicts & wars will be more violent and unpredictable. The Cyber & Space Domains are rapidly emerging as new battlefields and along with this, a war of narrative & perception is also being fought all over the world. To address these challenges, he mentioned that the focus is on holistic capacity building and continuous reforms. Raksha Mantri also announced that the Ministry of Defence had declared 2025 as the ‘Year of Reforms’.
Reflecting on reforms, Shri Rajnath Singh highlighted that corporatising the over 200-year-old Ordnance Factories was a bold but necessary step. “Today Ordnance Factories are performing very well in their new form and have become profit making units. I believe that changing a structure that is more than two hundred years old is a very big reform of this century” he added.
Raksha Mantri also outlined the government’s indigenisation drive, noting the release of five positive indigenization lists by the Armed Forces and five by Defence Public Sector Undertakings (DPSUs). “The total number of defence equipment, weapon systems and platforms included in the list of the Services is 509. These will now be produced in India. Similarly, the total number of items included in the DPSU lists is 5,012 including strategically-important Line Replacement Units, sub-systems, spares and components,” he said.
Shri Rajnath Singh also underlined the fact that the government has reserved 75 per cent of the defence budget for procurement from domestic companies. He pointed out that defence production in India has risen from Rs 40,000 crore in 2014 to over Rs 1.27 lakh crore today. “This year, defence production should cross Rs 1.60 lakh crore, while our target is to produce defence equipment worth Rs 3 lakh crore by the year 2029,” he added.
On defence exports, Raksha Mantri underscored that the figures had surged from Rs 686 crore in 2013–14 to Rs 23,622 crore in 2024–25. “Defence products made in our country are being exported to about 100 countries. “our defence exports should reach Rs 30,000 crore this year and Rs 50,000 crore by the year 2029,” he announced.
Shri Rajnath Singh underlined the government’s commitment to fostering innovation, particularly among the youth and start-ups. He stated that to encourage cutting-edge technology in the defence sector, iDEX was launched, which offers financial support of up to Rs 1.5 crore to selected start-ups. Building on its success, iDEX Prime was introduced, enhancing this support to Rs 10 crore. Further, the newly launched ADITI scheme provides assistance of up to Rs 25 crore to help scale breakthrough innovations. “The target is to strengthen the hands of our start-ups and MSMEs and for this, the Ministry of Defence has approved purchases worth more than Rs 2,400 crore from start-ups/MSMEs, and projects worth more than Rs 1,500 crore have been approved for development of new technology,” he added.
Highlighting India’s growing strategic capabilities, Raksha Mantri mentioned that the country now stands shoulder to shoulder with developed nations in critical areas such as missile technology (Agni, BrahMos), submarines (INS Arihant), aircraft carriers (INS Vikrant), artificial intelligence, drones, cyber defence and hypersonic systems. “Aero engine manufacturing remains a challenge,” he said, while also pointing to significant progress under the Kaveri engine project and ongoing discussions with global players like Safran, GE and Rolls Royce to build domestic capabilities.
With emphasis on India’s success in shipbuilding, Shri Rajnath Singh stated that more than 97% of the war ships of Indian Navy and Indian Coast Guard are now built in Indian shipyards. Ships built by India are also being exported to friendly countries like Mauritius, Sri Lanka, Vietnam and Maldives.
Senior officials, experts and dignitaries including former Chief of Army Staff General Manoj Pande, former Chief of Naval Staff Admiral Sunil Lanba, former Chief of the Air Staff Air Chief Marshal VR Chaudhari, Secretary (Defence Production) Shri Sanjeev Kumar, Secretary, Department of Defence R&D and Chairman DRDO Dr Samir V Kamat and former Defence Secretary Shri Sanjay Mitra also attended the conclave.
Source: PIB
