Defence production in India crossed the Rs 1 lakh crore-mark for the first time in 2022-23, according to a statement from Minister of State for Defence Ajay Bhatt. The government has encouraged the creation of indigenous design and manufacture of defence equipment, with schemes including Innovations for Defence Excellence, Technology Development Fund and Make procedure under Defence Acquisition Procedure 2020 set up to support the promotion of defence technology and improve ease of business.