India making efforts to achieve $22 billion turnover in Defence Production by 2025: Rajnath Singh

TIL Desk/National/Gandhinagar/ Defence Minister Rajnath Singh on Thursday said the central government is making efforts to achieve a turnover of USD 22 billion by 2025 in defence production.       

Speaking at the ‘Invest in Defence’ event as part of the ongoing Defence Expo 2022 in Gujaray capital Gandhinagar, Singh also appealed to investors to approach him or defence ministry officials without any hesitation to resolve issues.        

He appealed to private players to come forward and invest in the Indian defence industry, saying it is at an important juncture.

Not just large corporates, even start-ups and MSMEs (micro small and medium enterprises) are now associated with the defence sector. This is the golden period for the defence sector, he said.    

“The Indian defence industry is the sunrise sector of the future,” the minister said.