India becoming export-oriented Defence industry: Army Chief

India becoming export-oriented Defence industry: Army Chief

Agency News

New Delhi, Oct 18 : Exuding confidence over the Defence capabilities of India in terms of manufacturing, Army chief Gen Bipin Rawat on Friday said the country's defence export was set to grow by 24,000 crore, in the next five years.

"We are now gradually becoming an export-oriented defence industry and our defence export, which currently range in the region of just about Rs 11,000 crore annually, is set to grow to around Rs 35,000 crore by 2024", Gen Rawat said, while addressing the 4th defence atachés' conclave, here in the capital.

He voiced concern over importing of ammunition from outside and said it was not a matter of pride that even after 70 years of independence, 'We are still importing arms and ammunition on such a large scale from other countries.'
But, he also noted that the situation has changed in the last few years. "DRDO is continuously working towards supplying goods to the needs of the Army,'' he said.(UNI)