200 MoUs Signed, Defence Exports At $5 Billion By 2024: Rajnath Singh

Defence Minister Rajnath Singh on Friday said over 200 MoUs have been signed so far at the DefExpo, asserting that the country is on its way to achieve the target of USD 5 billion in defence exports by 2024.

Addressing an event at DefExpo-2020 in Lucknow, he said the Centre's policy for the sector has begun delivering results.

"In 2018-19, defence exports were Rs 10,745 crore, which was seven times the exports in 2016-17. Seeing the success of this Defence expo, I am sure that by 2024 we will achieve the target of five billion dollars in defence exports," the minister said.