Speaking to reporters on the sidelines of the Confederation of Indian Industry (CII) Annual Business Summit-2025 in the national capital, Kamat said that weapons used during the 'Operation Sindoor' have built confidence among importing countries.
The five-day event was inaugurated by the Prime Minister of Malaysia, Dato' Seri Anwar bin Ibrahim, and is being attended by global leaders and industry representatives from across the maritime and aerospace sectors.
India exported defence goods worth Rs 23,622 crore in 2024-25 -- a 34-fold rise as against just Rs 686 crore in 2013-14, Defence Minister Rajnath Singh's office said in a post on X.
Union Defence Minister Rajnath Singh on Friday unveiled a statue of Maharana Pratap and paid tribute to him in Maharashtra's Chhatrapati Sambhaji Nagar.
India's defence sector is set to grow steadily, supported by strong efforts towards indigenisation, a solid order pipeline, and rising growth opportunities, according to a recent report by Nirmal Bang.
Prime Minister Narendra Modi on Tuesday referred to India's record defence exports in the financial year (FY) 2024-25 as "a proud milestone" in the journey towards the country's self-reliance.
Prime Minister Narendra Modi on Thursday talked of his government's success in checking corruption in the delivery of government schemes and said initiatives taken have boosted the country's exports in several sectors including defence.
The Industry Quality Assurance (QA) Conclave, on the theme 'Collaborative Quality Assurance: Bridging the Gap Between Industry and Defence,' was held in New Delhi on February 07, according to the official statement.
India's defence exports continue to rise touching a record Rs 21,083 crore (about USD 2.63 billion) in the FY2023-24, a growth of 32.5 per cent over the previous fiscal when the figure was Rs 15,920 crore.
Rapidly increasing defence exports, a huge focus on domestic manufacturing, high returns on capital employed (RoCE), and strong cash flows are key attributes for the potential growth in the sector.
Prime Minister Narendra Modi highlighted on Sunday how India has increased its defence exports by almost 30 times, and that the country exports defence equipment to more than 100 countries while addressing the Indian diaspora community in Nigeria.
Union Defence Minister Rajnath Singh on Saturday expressed confidence that the country will export more than Rs 50,000 crore defence items by 2029-30, adding that the government is committed to collaborate with the academia for self-reliance in defence production.