India's export of military hardware reaches all-time high of Rs 15,920 cr in FY 2022-23

India's military hardware

New Delhi, Apr 1 (PTI) India's export of military hardware reached an all-time high of Rs 15,920 crore in the financial year 2022-2023 with Prime Minister Narendra Modi describing it as a clear manifestation of enthusiasm towards 'Make in India' initiative.

The value of total defence exports in 2022-23 is a ten-fold increase compared to the amount of Rs 1,521 crore recorded in exporting military hardware in 2016-17.

"India's defence exports have reached an all-time high of Rs 15,920 crore in FY 2022-2023. It is a remarkable achievement for the country," Defence Minister Rajnath Singh said on Twitter.