<span style="color: #222222;">Defence Minister Rajnath Singh has said that the government's aim is to achieve the defence export target of 35,000 crore rupees by 2024-25. Mr Singh said, promoting Indian exports is the topmost priority of the Government. He said, India should become a net exporter instead of a net importer.<br />''<br />''Speaking at the Society of Indian Defence Manufacturers, Mr Singh said, Defence Ministry has approved a central sector scheme for iDEX with a 500 crore rupees budget for the next five years from 2021-22 to 2025-26, which will provide financial aid to 300 start-ups, MSMEs and individual innovators and 20 partner incubators.<br />''<br />''The Minister said, request for proposal will be issued to avail such schemes for all MSMEs and projects under Make categories where purchasing cost is not more than 100 crores a year or the total value is less than 150 crores to encourage Start-ups and MSMEs.</span><br />
News On AIR | December 4, 2021 2:04 PM
Government's aim is to achieve defence export target of Rs 35,000 crore by 2024-25, says Defence Minister Rajnath Singh