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Defence - General Knowledge Questions
Rajnath Singh announced that the Ministry of Defence has set a target of Rs________lakh crores in defence production by 2025, which includes Rs 35,000 crores in exports.
A)
Rs 1.25 lakh crores
B)
Rs 1.50 lakh crores
C)
Rs 1.75 lakh crores
D)
Rs 2 lakh crores

Correct Answer :   Rs 1.75 lakh crore

Defense Minister Rajnath Singh announced a target of Rs 1.75 lakh crores of defence production by 2025, which includes export of Rs 35,000 crore.
 
Singh was addressing the Chairman and Managing Directors (CMDs) and Non-Official Directors (NODs) of Defence Public Sector Undertakings (DPSUs) during first-of-its kind workshop organised by Department of Defence Production in New Delhi on 13 July 2022.
 
He exuded confidence that the defence public sector undertakings (PSUs) will play a major role in achieving this goal with a contribution of 70-80%, urging chairman and managing directors and non-official directors to work hand in hand to ensure that their companies find a place among world's best in different fields.
 
Singh listed various initiatives taken by the defence ministry to achieve self-reliance, including simplification of acquisition process of defence equipment and platforms under Defence Acquisition Procedure 2020 and an increase in FDI limit to 74% under automatic route and up to 100% under government route.
 
Singh called for formulating a roadmap that can place 20 Indian defence manufacturing companies among the world's top 100 defence enterprises by 2047..

Source : Business Standard

Published On : July 14, 2022
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