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Time of India
6 days ago
- Business
- Time of India
Defence stocks in focus as India's defence production hits record Rs 1.5 lakh crore in FY25, exports also at new high
Defence stocks are likely to be in focus on Monday after India's defence production surged to an all-time high of Rs 1,50,590 crore in FY25, marking an 18% jump from Rs 1.27 lakh crore in the previous year and a 90% leap since FY20. Announcing the milestone on Saturday, Defence Minister Rajnath Singh credited the achievement to the 'collective efforts' of the Department of Defence Production, Defence Public Sector Undertakings (DPSUs), state-owned manufacturers, and private industry. 'This is a clear indicator of India's strengthening defence industrial base,' he said in a post on X. Public Sector Leads, Private Sector Gains Ground Official data shows DPSUs and other public-sector units accounted for about 77% of total output, while the private sector contributed 23%, up from 21% a year earlier. Production grew 16% in the public sector and 28% in the private sector during the year. Policy Push and Indigenisation Drive Growth Officials attributed the robust growth to policy reforms, improved ease of doing business, and a decade-long push for indigenisation under the Atmanirbhar Bharat initiative. These measures have encouraged domestic manufacturing, reduced import dependence, and built capacity for exports. Exports Touch Record Rs 23,622 Crore Defence exports reached Rs 23,622 crore in FY25, up 12% from Rs 21,083 crore a year earlier. The growth underscores India's rising profile as a global supplier of defence equipment. Defence Research and Development Organisation (DRDO) Chairman Dr. Samir V. Kamat said the numbers reflect the strength of India's R&D and manufacturing base. 'Going ahead, this number will keep increasing,' he said, citing the confidence the industry now has in producing systems domestically for assured procurement. With both public and private manufacturers expanding capacity, bolstered by supportive policies and foreign demand, the sector is expected to maintain its upward trajectory in the coming years. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
India.com
7 days ago
- Business
- India.com
Rs 1500000000000: Bad news for Pakistan, US, China as India sets new record, Defence production rises to an all-time high of…, private sector reaches..
The annual defence production has achieved a record high of Rs 1,50,590 crore for the Financial Year (FY) 2024-25. The milestone represents a robust 18% growth over the previous fiscal's output of Rs 1.27 lakh crore, and a staggering 90% increase since FY 2019-20, when the figure was Rs 79,071 crore, as stated in the release. Defence Minister Rajnath Singh has lauded the collective efforts of the Department of Defence Production and all stakeholders, i.e., DPSUs, public sector manufacturers, and the private industry, in achieving this landmark. What is the new record India has set in defence production? He called the upward trend a 'clear indication of India's strengthening defence industrial base. Singh commended Prime Minister Narendra Modi leadership for the growth and share on X, expressing his pride in the country making progress to becoming a global defence manufacturing hub. Under the leadership of Prime Minister Shri @narendramodi India's defence production has hit a record high! The annual defence production has soared to an all-time high figure of Rs 1,50,590 crore in the Financial Year (FY) 2024-25. These numbers indicate a robust 18% growth… — Rajnath Singh (@rajnathsingh) August 9, 2025 Sharing a post on X, Defence Minister Rajnath Singh wrote, 'Under the leadership of Prime Minister Shri@narendramodiIndia's defence production has hit a record high! The annual defence production has soared to an all-time high figure of Rs 1,50,590 crore in the Financial Year (FY) 2024-25. These numbers indicate a robust 18% growth over the previous fiscal's output of Rs 1.27 lakh crore, and a staggering 90% increase since FY 2019-20, when the figure was Rs 79,071 crore.' According to the release, Defence Public Sector Undertakings (DPSUs) and other PSUs accounted for approximately. 77% of total production, while the private sector contributed 23%. The share of the private sector, which increased from 21% in FY 2023-24 to 23% in FY 2024-25, reflects the sector's growing role in the defence ecosystem of the public and private segments of the industry have demonstrated consistent year-on-year growth, attributed to far-reaching policy reforms, enhanced ease of doing business, and a strategic focus on indigenisation over the past decade. The overall production of DPSUs and the private sector has increased by 16% and 28% respectively in FY 2024-25. This record-setting achievement underscores the growing momentum of the Government's push to self-reliance in defence manufacturing under the Aatmanirbhar Bharat initiative spearheaded by Prime Minister Narendra Modi. The emphasis on reducing the dependency on imports and creating a defence industrial complex that not only caters to India's needs but also strengthens the potential of exports has shown positive may be recalled that the defence exports have surged to a record high of Rs 23,622 crore in FY 2024-25. It was a growth of Rs 2,539 crore or 12.04% over the defence exports figures of FY 2023-24, which were Rs 21,083 sustained policy support, increased private participation, and expanding export capabilities, India's defence production sector is poised for continued acceleration in the years ahead.
Economic Times
09-08-2025
- Business
- Economic Times
Defence production hits record Rs 1.5 lakh crore, private firms' share up
Synopsis India's defence production has surpassed ₹1.5 lakh crore, marking a significant milestone fueled by increased private sector participation. The defence minister highlighted an 18% growth in FY 2024-25, showcasing the strengthening of India's defence industrial base. Defence exports also saw a surge, reaching ₹23,622 crore, reflecting a 12% increase over the previous year. PTI Indian defence production has crossed the ₹1.5 lakh crore mark, with private companies increasing their share in production and export of military systems, defence minister Rajnath Singh said on Saturday. Lauding the collective effort that led to an all-time high figure of defence production worth ₹1,50,590 crore, Singh said that the milestone is a clear indicator of India's strengthening defence industrial base. Officials said that in the 2024-25 FY, there has been an 18% growth over the previous fiscal's output of ₹1.27 lakh crore, and a 90% increase since FY 2019-20, when the figure was ₹79,071 crore. The numbers have been achieved as the government has gone on overdrive to promote Indian companies to enter the sector and has initiated programs like Emergency Procurement (EPs) that have given orders to a large number of startups and smaller companies as well. Defence Public Sector Undertakings (DPSUs) and other PSUs accounted for around 77% of total production, while the private sector contributed 23%. The share of the private sector has been steadily rising, from 21% in FY 2023-24 to 23% in FY 2024-25, and is expected to go up exponentially in the coming years as several big projects have been opened up to competitive bidding. Dozens of companies, from backgrounds as diverse as automobile component manufacturing to civil works have entered the defence manufacturing sector as opportunities grow."Both public and private segments of the industry have demonstrated consistent year-on-year growth, attributed to far-reaching policy reforms, enhanced ease of doing business, and a strategic focus on indigenisation over the past decade," officials said. There has been a surge in defence exports as well, with the figure growing to ₹23,622 crore in FY 2024-25, a 12% growth over the previous year.
Time of India
09-08-2025
- Business
- Time of India
Defence production hits record Rs 1.5 lakh crore, private firms' share up
Indian defence production has crossed the ₹1.5 lakh crore mark, with private companies increasing their share in production and export of military systems, defence minister Rajnath Singh said on Saturday. Lauding the collective effort that led to an all-time high figure of defence production worth ₹1,50,590 crore, Singh said that the milestone is a clear indicator of India's strengthening defence industrial base. Officials said that in the 2024-25 FY, there has been an 18% growth over the previous fiscal's output of ₹1.27 lakh crore, and a 90% increase since FY 2019-20, when the figure was ₹79,071 crore. The numbers have been achieved as the government has gone on overdrive to promote Indian companies to enter the sector and has initiated programs like Emergency Procurement (EPs) that have given orders to a large number of startups and smaller companies as well. Defence Public Sector Undertakings (DPSUs) and other PSUs accounted for around 77% of total production, while the private sector contributed 23%. The share of the private sector has been steadily rising, from 21% in FY 2023-24 to 23% in FY 2024-25, and is expected to go up exponentially in the coming years as several big projects have been opened up to competitive bidding. Dozens of companies, from backgrounds as diverse as automobile component manufacturing to civil works have entered the defence manufacturing sector as opportunities grow. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program "Both public and private segments of the industry have demonstrated consistent year-on-year growth, attributed to far-reaching policy reforms, enhanced ease of doing business, and a strategic focus on indigenisation over the past decade," officials said. There has been a surge in defence exports as well, with the figure growing to ₹23,622 crore in FY 2024-25, a 12% growth over the previous year. Economic Times WhatsApp channel )
NDTV
09-08-2025
- Business
- NDTV
"Defence Production Soars To Rs 1.51 Lakh Crore, Jumps 90% In 5 Years": Rajnath Singh
Defence Minister Rajnath Singh on Saturday said the annual defence production has soared to an all-time high of Rs 1,50,590 crore in FY 2024-25. The milestone represents a robust 18 per cent growth over the previous fiscal's output of Rs 1.27 lakh crore, and a staggering 90 per cent increase since FY 2019-20, when the figure was Rs 79,071 crore, the minister informed. Defence Public Sector Undertakings (DPSUs) and other PSUs accounted for nearly 77 per cent of total production, while the private sector contributed 23 per cent. The share of the private sector, which increased from 21 per cent in FY 2023-24 to 23 per cent in FY 2024-25, reflects the sector's growing role in the defence ecosystem of the country. The Minister lauded the collective efforts of the Department of Defence Production and all stakeholders - DPSUs, public sector manufacturers, and the private industry in achieving this landmark. He termed the upward trajectory as a clear indicator of India's strengthening defence industrial base. Under the leadership of Prime Minister Shri @narendramodi India's defence production has hit a record high! The annual defence production has soared to an all-time high figure of Rs 1,50,590 crore in the Financial Year (FY) 2024-25. These numbers indicate a robust 18% growth… — Rajnath Singh (@rajnathsingh) August 9, 2025 Both public and private segments of the industry have demonstrated consistent year-on-year growth, attributed to far-reaching policy reforms, enhanced ease of doing business, and a strategic focus on indigenisation over the past decade. The overall production of DPSUs and private sector has increased by 16 per cent and 28 per cent, respectively in FY 2024-25. "This record-setting achievement underscores the growing momentum of the government's push to self-reliance in defence manufacturing under the Aatmanirbhar Bharat initiative spearheaded by Prime Minister Narendra Modi," according to a Defence Ministry statement. The emphasis to reduce the dependency on imports and create a defence industrial complex that not only caters to India's needs but also strengthens the potential of exports has shown positive results. With sustained policy support, increased private participation, and expanding export capabilities, India's defence production sector is poised for continued acceleration in the years ahead.
