Defence Secretary says India is now the third-largest arms exporter to Europe as exports touch Rs 38,424 crore
25 October 2026
Defence Secretary Rajesh Kumar Singh told reporters that India has become the third-largest exporter of arms to Europe.
India's defence exports reached an all-time high of 38,424 crore rupees, about 3.6 billion euros, and go to more than 80 countries.
The defence manufacturing base has 16 major public sector companies, about 840 large and medium private firms and nearly 17,000 small enterprises including start-ups.
The government aims to spend 75 per cent of its annual defence capital expenditure, estimated at 20 to 25 billion dollars, within India.
He said the European Union's ReArm Europe initiative is driving European demand, and that European companies are being encouraged to manufacture in India under Make in India.
In plain words
ReArm Europe ReArm Europe — A European Union initiative to raise defence spending and production in Europe.
Capital expenditure Capital expenditure — Spending on buying or building long-lasting assets such as aircraft, ships and weapons.