{"id":3286,"date":"2024-07-05T10:25:05","date_gmt":"2024-07-05T10:25:05","guid":{"rendered":"https:\/\/riyasatnamanews.in\/?p=3286"},"modified":"2024-07-05T10:25:08","modified_gmt":"2024-07-05T10:25:08","slug":"record-high-achieved-in-annual-defence-production-for-2023-24","status":"publish","type":"post","link":"https:\/\/riyasatnamanews.in\/index.php\/2024\/07\/05\/record-high-achieved-in-annual-defence-production-for-2023-24\/","title":{"rendered":"Record High Achieved in Annual Defence Production for 2023-24"},"content":{"rendered":"\n<p><strong>New Delhi :<\/strong>&nbsp;The Ministry of Defence has reported the highest-ever growth in indigenous defence production for the financial year 2023-24, driven by the successful implementation of government policies and initiatives aimed at achieving \u2018Aatmanirbharta\u2019 (self-reliance).<\/p>\n\n\n\n<p>According to data from Defence Public Sector Undertakings (DPSUs), other PSUs manufacturing defence items, and private companies, the total value of defence production has reached a record-high of Rs 1,26,887 crore. This marks a 16.7% increase from the previous year\u2019s figure of Rs 1,08,684 crore.<\/p>\n\n\n\n<p>Defence Minister Rajnath Singh, acknowledging this achievement on X, highlighted the continued success of the \u2018Make in India\u2019 programme under Prime Minister Narendra Modi\u2019s leadership. He reiterated the government\u2019s commitment to developing India into a leading global defence manufacturing hub. Of the total value of production in 2023-24, approximately 79.2% came from DPSUs and other PSUs, while the private sector contributed 20.8%. Both sectors have shown steady growth in defence production in absolute terms.<\/p>\n\n\n\n<p>Rajnath Singh congratulated the industry, including DPSUs, other PSUs, and private sector entities, for achieving this milestone. He attributed the success to policy reforms and the ease of doing business initiatives introduced by the government over the past decade, emphasizing the goal of self-reliance. The aggressive and sustained pursuit of indigenization efforts has resulted in the highest-ever value of production.<\/p>\n\n\n\n<p>Additionally, the growth in defence exports has significantly contributed to the overall increase in indigenous defence production. Defence exports reached a record-high of Rs 21,083 crore in FY 2023-24, reflecting a 32.5% increase from the previous fiscal year\u2019s Rs 15,920 crore.<\/p>\n\n\n\n<p>The value of defence production has steadily increased over the past five years, growing by over 60% since 2019-20, according to the press release.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi :&nbsp;The Ministry of Defence has reported the highest-ever growth in indigenous defence production for the financial year 2023-24, driven by the successful implementation of government policies and initiatives aimed at achieving \u2018Aatmanirbharta\u2019 (self-reliance). According to data from Defence Public Sector Undertakings (DPSUs), other PSUs manufacturing defence items, and private companies, the total value [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3287,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-3286","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-national"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Record High Achieved in Annual Defence Production for 2023-24 - Riyasatnama News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/riyasatnamanews.in\/index.php\/2024\/07\/05\/record-high-achieved-in-annual-defence-production-for-2023-24\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Record High Achieved in Annual Defence Production for 2023-24 - Riyasatnama News\" \/>\n<meta property=\"og:description\" content=\"New Delhi :&nbsp;The Ministry of Defence has reported the highest-ever growth in indigenous defence production for the financial year 2023-24, driven by the successful implementation of government policies and initiatives aimed at achieving \u2018Aatmanirbharta\u2019 (self-reliance). According to data from Defence Public Sector Undertakings (DPSUs), other PSUs manufacturing defence items, and private companies, the total value [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/riyasatnamanews.in\/index.php\/2024\/07\/05\/record-high-achieved-in-annual-defence-production-for-2023-24\/\" \/>\n<meta property=\"og:site_name\" content=\"Riyasatnama News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/JKRiyasatnama\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-05T10:25:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-05T10:25:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/riyasatnamanews.in\/wp-content\/uploads\/2024\/07\/Annual-Defence-Production-696x557-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"696\" \/>\n\t<meta property=\"og:image:height\" content=\"557\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"riyasatnamanews\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@riyasatnamalive\" \/>\n<meta name=\"twitter:site\" content=\"@riyasatnamalive\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"riyasatnamanews\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/riyasatnamanews.in\/index.php\/2024\/07\/05\/record-high-achieved-in-annual-defence-production-for-2023-24\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/riyasatnamanews.in\/index.php\/2024\/07\/05\/record-high-achieved-in-annual-defence-production-for-2023-24\/\"},\"author\":{\"name\":\"riyasatnamanews\",\"@id\":\"https:\/\/riyasatnamanews.in\/#\/schema\/person\/21b542b665e092b95940c603b4807154\"},\"headline\":\"Record High Achieved in Annual Defence Production for 2023-24\",\"datePublished\":\"2024-07-05T10:25:05+00:00\",\"dateModified\":\"2024-07-05T10:25:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/riyasatnamanews.in\/index.php\/2024\/07\/05\/record-high-achieved-in-annual-defence-production-for-2023-24\/\"},\"wordCount\":284,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/riyasatnamanews.in\/#organization\"},\"image\":{\"@id\":\"https:\/\/riyasatnamanews.in\/index.php\/2024\/07\/05\/record-high-achieved-in-annual-defence-production-for-2023-24\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/riyasatnamanews.in\/wp-content\/uploads\/2024\/07\/Annual-Defence-Production-696x557-1.jpg\",\"articleSection\":[\"National\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/riyasatnamanews.in\/index.php\/2024\/07\/05\/record-high-achieved-in-annual-defence-production-for-2023-24\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/riyasatnamanews.in\/index.php\/2024\/07\/05\/record-high-achieved-in-annual-defence-production-for-2023-24\/\",\"url\":\"https:\/\/riyasatnamanews.in\/index.php\/2024\/07\/05\/record-high-achieved-in-annual-defence-production-for-2023-24\/\",\"name\":\"Record High Achieved in Annual Defence Production for 2023-24 - 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