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Defence production crosses Rs 1 lakh crore mark
As a result of the consistent efforts of Ministry of Defence, the value of defence production in Financial Year (FY) 2022-23 has crossed the figure of Rs one lakh crore for the first time ever. The value currently stands Rs 1,06,800 crore and it will go further up once the data is received from the remaining private defence industries. The current value of defence production in FY 2022-23 is a rise of more than 12 per cent over FY 2021-22, when the figure was Rs 95,000 crore.
The Government is continuously working with defence industries and their associations to remove the challenges faced by them and promote defence production in the country. A number of policy reforms have been taken to achieve the objective of ease of doing business, including the integration of MSMEs and start-ups into the supply chain.
Due to these policies, the industries, including MSMEs and start-ups, are forthcoming in defence design, development and manufacturing and there is almost a 200 per cent increase in the number of defence licenses issued to the industries in the last 7-8 years by the Government. These measures have given a boost to the defence industrial manufacturing ecosystem in the country and generated tremendous employment opportunities.
Training launch of Agni-1
A successful training launch of a Medium-Range Ballistic Missile, Agni-1 was carried out by the Strategic Forces Command from APJ Abdul Kalam Island, Odisha on 1 June 2023. The missile is a proven system, capable of striking targets with a very high degree of precision. The user training launch successfully validated all operational and technical parameters of the missile.
Agni Prime ballistic missile tested
New Generation Ballistic Missile 'Agni Prime' was successfully flight-tested by Defence Research and Development Organisation (DRDO) from Dr APJ Abdul Kalam Island off the coast of Odisha on 7 June 2023. During the flight test, all objectives were successfully demonstrated. This was the first pre-induction night launch conducted by the users after three successful developmental trials of the missile, validating the accuracy and reliability of the system. Range Instrumentation like Radar, Telemetry and Electro Optical Tracking Systems were deployed at different locations, including two down-range ships, at the terminal point to capture flight data...