The Indian defence industry is about to grow a lot, according to Defence Secretary Rajesh Kumar Singh. He spoke on Monday at a defence event and emphasized that teamwork between the government and private businesses is essential for making India a leader in advanced manufacturing for defence.
Singh highlighted that the government wants to create a strong and modern military that can handle today’s challenging battle situations. The event, held by Axis Bank, brought together people from the government, industry, and banks to discuss important topics.
He mentioned that building a self-reliant defence ecosystem is a key goal for India. The Ministry of Defence recently named 2025 as the “Year of Reforms” to make systems quicker and more efficient. Singh shared that the Indian defence exports have grown significantly, reaching Rs 21,000 crore in the last ten years.
He stressed that it’s crucial to have fewer barriers for new companies and technologies in the defence industry. This way, India’s defence sector can adapt and respond faster to the changing nature of warfare.
The defence budget is set to increase from Rs 6.21 lakh crore to Rs 6.81 lakh crore by 2025-26. Singh hopes to spend between $20-30 billion annually on modernizing the military.
He also said that the Ministry of Defence is working to make the process of buying defence equipment faster and clearer, allowing more private companies to participate and innovate. Partnerships between military and civilian sectors, along with investment in research, will strengthen India’s defence capabilities.
Sanjeev Kumar, Secretary of Defence Production, and Michael Williamson, president of Lockheed Martin International, also spoke at the event. Williamson pointed out that we are facing a complicated global situation, and Lockheed Martin has been a trusted partner in India for over 30 years.
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