India eyes Rs 50,000 crore defence exports by FY30; ramps up next-gen tech push with drones and AI

India’s defence exports are on track to surpass the government’s Rs 50,000 crore target before 2029. Speaking at an investor interaction hosted by JM Financial, former DRDO chairman Dr Samir V Kamat said that India’s defence exports currently stand at around Rs 38,000 crore and are expected to grow rapidly in the coming years. “Indigenous system procurement has risen to 70% and imports have fallen to 30%. Over the next five years, indigenous procurement is expected to reach 80-85%,” Kamat said.