Defence Minister Rajnath Singh on Thursday projected that the annual Indian defence exports will touch Rs 35,000 crore by 2024 from the current level of Rs 17,000 crore, looking at the capacity of HAL. He was addressing employees and officials of Hindustan Aeronautics Limited (HAL) at their Kannada Naada Habba celebrations here.
Singh said that India will be a (defence) exporter country one day, based on HAL’s strength, as in the long run it cannot depend on imports. He said, today with private defence industry as competitors, defence public sector units like HAL have to partake in competitive bidding. This is a new situation and this environment has to be seen as an opportunity, he added. Read More…
