India’s Defence PSUs Target Rs 2,100 Crore In Exports For FY 2024-25, Reducing Import Dependence And Boosting Self-Reliance

As India strives to reduce its dependence on imports and strengthen strategic autonomy, nine of the country’s 16 defence Public Sector Undertakings (DPSUs) have set ambitious export targets for Financial Year (FY) 2024-25. 

Together, these DPSUs aim to export military products worth Rs 2,100 crore, with Hindustan Aeronautics Ltd (HAL) leading the charge with a projected export turnover of Rs 590 crore.

In FY 2023-24, India’s total defence exports surged to Rs 21,083 crore, up from Rs 15,918 crore in FY 2022-23, reflecting a steady increase in the country’s defence manufacturing capabilities. 

Of this, the private sector contributed approximately Rs 15,000 crore, while DPSUs accounted for Rs 6,000 crore, according to the Standing Committee on Defence report presented in Parliament.

Additionally, Bharat Electronics Ltd (BEL) projects exports of Rs 120 crore. The shipbuilding PSUs, including Garden Reach Shipbuilders and Engineers (GRSE) and Goa Shipyard Ltd (GSL), have set export targets of Rs 80 crore and Rs 85 crore respectively for this fiscal year.

These export figures signal a shift toward self-reliance in the defence sector, gradually reducing India's dependency on imports. By scaling up domestic production and tapping into international markets, India is positioning itself as a global defence exporter, helping to secure its defence needs while boosting economic growth.

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