India is making significant strides in defence self-reliance, with 88% ammunition production sufficiency and defence exports reaching ₹23,000 crore in 2023-24.
The government now targets ₹50,000 crore in exports by 2029, boosting national security and economic growth. India’s Defence Minister Rajnath Singh urged IIT Mandi to contribute to AI warfare, cybersecurity, and quantum technology advancements.
India is making significant strides towards self-reliance in the defence sector, with 88% self-sufficiency in ammunition production and defence exports reaching ₹23,000 crore in 2023-24, according to Raksha Mantri Rajnath Singh.
Addressing students at IIT Mandi, he outlined the government’s vision to boost defence exports to ₹50,000 crore by 2029, strengthening India’s position as a global defence manufacturing hub.
Reaffirming the government’s commitment to building a robust defence industry, he emphasised its role in national security and economic growth. He urged students to contribute towards this vision by developing technological solutions that can enhance India’s defence capabilities and further advance self-reliance in critical defence technologies.
In the context of national security, the Minister called on IIT Mandi to deepen its engagement in defence-related R&D, building on its existing collaboration with DRDO. He encouraged further innovation in Artificial Intelligence (AI)-driven warfare, indigenous AI chip development, cybersecurity, and quantum technology.
Expressing confidence in the institution’s strong academic, research, and innovation ecosystem, he highlighted its potential to drive India’s technological advancements and contribute significantly to both national growth and global innovation.
India’s push for defence self-reliance and technological advancement is a key step toward strengthening national security and boosting economic growth. With a target of ₹50,000 crore in defence exports by 2029, the government is fostering AI warfare, cybersecurity, and quantum technology to enhance its defence capabilities.
The call for R&D contributions from top institutions highlights the role of innovation in shaping India’s future in defence and global competitiveness.
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Published on: Feb 25, 2025, 3:36 PM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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