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India’s defence exports for the 2023-24 fiscal year totalled Rs 21,083 crore (around USD 2.6 billion), with Armenia, the United States and France as the leading recipients
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The defence ministry is targeting a turnover of Rs 1.75 lakh crore in defence manufacturing within five years
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DG Upadhyay also said that the import bans on certain items pushed foreign companies to set up manufacturing plants in India to meet domestic as well as global demand
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