1、For updated information,please visit www.ibef.orgAugust 2025DEFENCE MANUFACTURING2Table of ContentsExecutive Summary3Advantage India 4Market Overview 6Recent Trends and Strategies10Growth Drivers16Opportunities 29Key Industry Contacts32Appendix353Executive summaryNotes:F-ForecastSource:Department fo
2、r Promotion of Industry and Internal Trade,Press Information Bureau,Make in India,Union Budget for 2025-26 Defence Production in India(US$billion)14.817.634.7FY24FY25FY29FIndian defence production target in 2029US$34.70 billion Percentage share of Defence Public Sector Undertaking and Ordnance Facto
3、ry Board in 0468.27%Percentage share of private sector to the total production value in FY2523%Indian defence export target in 2029US$5.8 billion Foreign direct investment equity inflow in the defence industry(from April 2000-June 2025)US$21.74 million The Indian Defence ecosystem is a confluence be
4、tween the Governmentand the defence manufacturingindustry.The government has set a target of achieving defence manufacturingworth Rs.3,00,000 crore(US$34.7 billion),by FY29.Indias defence exports have surged from Rs.686 crore(US$81.1 million)in FY14 to Rs.23,622 crore(US$2.8 billion)in FY25,with pri
5、vate sectorcontributions reaching Rs.15,233 crore(US$1.8 billion)and Defence Public Sector Undertakings(DPSUs)accounting for Rs.8,389 crore(US$992.2 million).The Union Budget for FY26 envisaged an outlay of Rs.6,81,000 crore(US$78.7 billion),represents an enhancement of 9.5%over the Budget ofFY25.In
6、dia aims for defence exports to rise to Rs 30,000 crore(US$3.5 billion)in FY26.Defence Production in India by Sector(US$billion)in FY2577%23%DPSUs&other PSUsPrivate Companies4Advantage India5Advantage IndiaIn February 2025,India has secured aRs.3,800 crore(US$440.3 million)dealto export BrahMos miss