India Produces Defence Equipment Worth 1.2 Lakh Crore

New Delhi: India has produced defence equipment worth 1.2 lakh crore using domestic resources to strengthen national security and self-reliance, Defence Minister Rajnath Singh announced. Speaking at a national conference on defence manufacturing held at Vigyan Bhavan, Singh highlighted the growing importance of drones and other modern warfare technologies. The minister noted that India’s indigenous capital procurement rose from 74,000 crore in 2021–22 to 1.2 lakh crore in 2024–25. He added that by 2047, India aims to become a developed nation by boosting domestic defence production.