Govt approves procurement of ₹70,500 cr-worth indigenously made weapons
Of this, the procurement of weapons by the Indian Navy accounts for ₹56,000 crore.
defence minister rajnath singh
March 2023
February 2023
October 2022
75% of defence outlay to be spent for procurement from domestic firms: Rajnath Singh
In the union budget for FY2023-24, the government allocated ₹5.94 lakh crore for the Ministry of Defence, which is 13.18% of the country’s total outlay of ₹45.03 lakh crore.
India’s defence export reaches ₹8,000 cr in H1 of FY23: Rajnath Singh
The exports of defence items and technology reached a whopping ₹13,000 crore in FY2021-22, which is expected to surge to ₹17,000 crore in FY23.
