According to defence ministry figures released on Tuesday, defence exports have grown by Rs 2,539 crore, or 12.04 per cent more than defence exports figures of FY 2023-24, which were Rs 21,083 crore. The private sector and DPSUs have contributed Rs 15,233 crore and Rs 8,389 crore respectively in defence exports of 2024-25, whereas the corresponding figures for FY 2023-24 were Rs 15,209 crore and Rs 5,874 crore respectively. He stated that under the leadership of Prime Minister Shri Narendra Modi, India is marching towards achieving the target of increasing defence exports to Rs 50,000 crore by 2029. In a major boost to defence exports, wide range of items from ammunition, arms, sub-systems/systems and parts & components have been exported to around 80 countries in the just-concluded FY. In addition, SOP for grant of Export Authorisation was further simplified, and more provisions were added in the last financial year to boost exports from the country.