India’s annual defence production hit a record high of almost Rs 1.27 trillion (Rs 1,26,887 crore) in FY24, growing 16.7 per cent over the previous year’s figure of almost Rs 1.09 trillion (Rs 1,08,684 crore), announced an official release issued by the Ministry of Defence (MoD) on Friday.
This is according to the data received from all defence public-sector undertakings (DPSUs), other PSUs manufacturing defence items, and private companies.
What does the defence industry wants from the Union Budget 2024? Parikshit Luthra asks Rajinder Bhatia, President of the Society of Indian Defence Manufacturers (SIDM), Neeraj Gupta, Managing Director of MKU Group and Vrinda Kapoor, CEO of 3rdiTech. Listen in.
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