India’s Defence Production Target by 2029 To Achieve 3 Lakh Crore

India is significantly enhancing its defence production capabilities under the leadership of Defence Minister Rajnath Singh. Speaking at the Defence Conclave 2025 – Force of the Future, Singh revealed that India aims to achieve ₹3 lakh crore in defence production by 2029, with an expected output of ₹1.60 lakh crore in 2025. This ambitious vision is anchored in the principles of Atmanirbhar Bharat (Self-Reliant India), reducing dependency on imports, promoting indigenous innovation, and boosting defence exports. The evolving nature of warfare, new-age security challenges, and global supply chain resilience are shaping India’s future-ready defence roadmap.

Key Highlights

Production & Export Targets

• Defence production in 2025 is expected to exceed ₹1.60 lakh crore.
• India targets ₹3 lakh crore in defence production by 2029.

Defence exports target

• ₹30,000 crore in 2025
• ₹50,000 crore by 2029

Strategic Vision

• India’s aim is to become self-reliant in defence manufacturing.
• Goal to reduce dependency on imports and build a strong domestic industrial ecosystem.
• Defence manufacturing to contribute to resilient global supply chains.

Innovation & Modernisation

• Emphasis on indigenisation through the ‘Make in India’ initiative.
• New battlefields identified: cyber, space, and narrative warfare.
• Focus on holistic capacity building and continuous reforms.

Institutional Reforms

• Corporatisation of Ordnance Factories (200+ years old) transformed them into profit-making units.
• Government sees this as a landmark reform in the 21st century.

Budgetary Prioritisation

• 75% of the defence procurement budget now reserved for domestic companies.