The government aims to expand the domestic defence manufacturing ecosystem to ₹3 lakh crore and defence exports to ₹50,000 crore by 2029, Defence Minister Rajnath Singh said on Thursday (October 16, 2025), while acknowledging Pune’s contribution to the defence sector.
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Highlighting the link between skill development, indigenous equipment, and private sector participation, Mr. Singh said the private sector was playing a vital role in making India a defence manufacturing hub.
“In the last decade, annual defence production has increased to ₹1.5 lakh crore from ₹46,000 crore. The private sector contributed ₹33,000 crore,” Mr. Singh said.
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