India’s Defence Public Sector Undertakings (PSUs) aim to export ₹2,100 crore (approximately $280 million) in FY 2024-25, reducing dependence on imports and promoting self-reliance in the country’s defense sector.

India’s defense public sector undertakings (DPSUs) have set ambitious export targets for the next fiscal year 2024-25, aiming to export military products worth Rs 2,100 crore, led by Hindustan Aeronautics Ltd (HAL) with a target of Rs 590 crore. This comes amid the country’s efforts to reduce its dependence on imports and strengthen strategic autonomy. The private sector contributed approximately Rs 15,000 crore to India’s total defense exports of Rs 21,083 crore in the previous year, while DPSUs accounted for Rs 6,000 crore. Bharat Dynamics Ltd, BEML Limited, and Bharat Electronics Ltd have set specific export targets of Rs 500 crore, Rs 440 crore, and Rs 120 crore, respectively. The shipbuilding PSUs, GRSE and GSL, have set targets of Rs 80 crore and Rs 85 crore. This shift towards self-reliance in the defense sector may help reduce India’s dependence on imports and position it as a global defense exporter, boosting economic growth and national security.