Defence production crosses Rs 1 lakh crore mark for the first time ever

New DelhiThe value of defence production in Financial Year (FY) 2022-23 has crossed the figure of Rs one lakh crore for the first time ever. The value currently stands Rs 1,06,800 crore and it will go further up once the data is received from the remaining private defence industries. The current value of defence production in FY 2022-23 is a rise of more than 12 per cent over FY 2021-22, when the figure was Rs 95,000 crore. The Government is continuously working with defence industries and their associations to remove the challenges faced by them and promote defence production in the country. A number of policy reforms have been taken to achieve the objective of ease of doing business, including the integration of MSMEs and start-ups into the supply chain. Due to these policies, the industries, including MSMEs and start-ups, are forthcoming in defence design, development and manufacturing and there is almost a 200 per cent increase in the number of defence licenses issued to the industries in the last 7-8 years by the Government. These measures have given a boost to the defence industrial manufacturing ecosystem in the country and generated tremendous employment opportunities.

On Date:

Friday, May 19, 2023

Job Opportunities

Senior Engineer - Aerospace... Wanted for the Aerospace Division of an Engineering Component Manufacturing Company... Read More >>

AVIATIONSPACE CONNECT

Introduction: AviationSpace Connect is a premium facilitation service offered to our registered clients looking for Mergers ...Read more

A UNIQUE OPPORTUNITY TO INVEST IN THE BOOMING SECTORS

A profitable and highly scalable Electronic Product Design and Manufacturing Company with an impressive track record and an international Marquee clientele is looking for EQUITY INVESTMENT OF RS.10 CR. for strategic acquisition and to scale up the operations in the fast-growing domains of Aerospace, Defence, Healthcare, and Railways.

Interested parties may get in touch with

george@avaiationspace.in

Mob: +91 9449833927 to know more.

White papers

NADCAP Certification

AS 9100

Search form

Defence production crosses Rs 1 lakh crore mark for the first time ever

Related news :

Job Opportunities

FREE e-Newsletter

AVIATIONSPACE CONNECT

A UNIQUE OPPORTUNITY TO INVEST IN THE BOOMING SECTORS

White papers