Jaisalmer: “A target has been set to produce military equipment worth Rs. 3 lakh crore by 2029,” Rajnath Singh has said.
Regarding the modernization of the Indian armed forces, a meeting of the Defence Consultative Committee, chaired by Union Defence Minister Rajnath Singh, was held yesterday in Jaisalmer, Rajasthan. In it, Minister Rajnath Singh said: In order to meet current and future security challenges, the Central Government is committed to building a military equipped with modern technological capabilities.
The defense budget for the 2026-27 financial year has been increased to an unprecedented Rs. 7.85 lakh crore. A target has been set to produce military equipment worth Rs. 3 lakh crore and export equipment worth Rs. 50,000 crore by 2029.
The importance of technology in modern warfare is increasing. The efforts being undertaken by the Defence Research and Development Organisation, DRDO, to develop advanced weapons, missiles, and military technological infrastructure are commendable.
The newly formed units in the Indian Army, including Asani, Bhairav, and Shaktiban, are performing excellently in meeting the needs of current military operations. He said this.
