By 2025, the government has set a target of becoming one of the top five global producers of the aerospace and defence manufacturing with an annual export target of $5 Bn.

In FY19, there were 8,643 MSME vendors who were making defence equipment for the government.

Gadkari also said that the MSME ministry is also running various programmes to promote the manufacturing of defence equipment locally.

Besides MSME ministry, the defence ministry has also launched certain programmes to support domestic defence equipment production across the country.

Moreover, India’s Defence Production Policy of 2018 (DPrP-2018) is also a key part of the mission to boost exports and reduce the trade deficit. | To read full story, visit https://startuparound.com/read/1583555408.0908294/Govt-Bets-On-MSMEs-To-Boost-Local-Aerospace,-Defence-Production?ref=audio_experience