In a landmark event for India’s defence and aerospace sectors, Prime Minister Narendra Modi and Spanish President Pedro Sanchez inaugurated the C-295 aircraft manufacturing complex in Vadodara on Monday (28 October). This facility, completed in just two years, symbolizes India’s accelerated progress towards self-reliance in defence manufacturing, aligning with its “Aatmanirbhar Bharat” vision.
Transformation of Defence Ecosystem
Defence production in India has risen to ₹1.27 lakh crore in 2023-24, and exports have surged from ₹1,000 crore in 2014 to ₹21,000 crore. India has also indigenised over 12,300 items in three years. The government’s dedicated defence R&D budget and investments in domestic vendors are fostering innovation. The ecosystem now includes indigenous warships, missiles, and bulletproof jackets, enhancing India’s strategic capabilities.
My latest @LinkedIn post focuses on India’s recent strides in defence manufacturing. We are going to be adding even more momentum in this sector in the coming times. Do read.https://t.co/34R5MP9dEQ
— Narendra Modi (@narendramodi) October 30, 2024
Call to Innovators and Industry
India’s defence sector now offers unprecedented opportunities, with two Defence Corridors in Uttar Pradesh and Tamil Nadu and initiatives like iDEX promoting a startup ecosystem. Prime Minister Modi urged youth, startups, and manufacturers to join in building a globally competitive defence industry. Through supportive policies, India aims to reduce import dependency, create jobs, and emerge as a leader in defence manufacturing.
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