• India’s defence exports have increased from ₹1,521 cr in 2016-17 to ₹8,434.84 cr in 2020-21. The Government has set an ambitious target to achieve exports of about ₹35,000 cr by 2025.
  • According to the latest report of the SIPRI, three Indian companies figure among the top 100 defence companies in the 2020 rankings — HAL, the Ordnance Factory Board and BEL.
  • To boost indigenous manufacturing, the Government had issued two “positive indigenisation lists” consisting of 209 items that cannot be imported and can only be procured from domestic industry.