Year-ender 2023: India s defence sector achieved a historic year in 2023, with a surge in defence exports and production reaching unprecedented levels. The country is now exporting to over 85 countries, showcasing the prowess of its defence industry.
Of the total, acquisition worth Rs 2.20 lakh crore will be sourced from domestic industries which includes 97 Tejas Light Combat Aircraft for the Indian Air Force and 156 Prachand helicopters and the upgrade of the Su-30 fighter fleet, , defence acquisition council, defence ministry, LCA Tejas, LCH prachand
More than Rs 9,000 crore has been sanctioned for the development of LCA Mk 2, an updated and more lethal version of LCA Tejas, they said. To further promote indigenisation, including of the aircraft engine, the transfer of technology for manufacturing of the GE engine in India was negotiated with the US firm during Modi s visit to the the country in June 2023, they added.