Barmer/Jaisalmer, Nov. 4 -- Defence minister Rajnath Singh on Tuesday announced a target of defence production worth Rs.3 lakh crore and defence exports worth Rs.50,000 crore by 2029 during a meeting of the Consultative Committee of the Ministry of Defence on 'Modernisation of Indian Defence Forces' in Jaisalmer. "We aim to achieve defence production worth Rs.3 lakh crore and defence exports worth Rs.50,000 crore by 2029," he said while emphasising the government's commitment to building a technologically empowered military capable of meeting present-day and emerging security challenges. The meeting deliberated on changing warfare patterns, emerging security threats, technological advancements and the need to strengthen the operational preparedness of the armed forces. Addressing the committee, Singh said the government, under the leadership of Prime Minister Narendra Modi, was focusing on three key areas - budget and capital acquisition, self-reliance in defence manufacturing, and technology and human capital - to prepare the armed forces for the evolving demands of modern warfare. Highlighting the increased financial support for military modernisation, Singh said the defence budget for FY 2026-27 had been raised to a record Rs.7.85 lakh crore, including a capital outlay of Rs.2.19 lakh crore for modernisation and capital procurement. On India's growing self-reliance in defence manufacturing, the defence minister said domestic defence production had increased from Rs.46,429 crore in FY 2014-15 to a record Rs.1.78 lakh crore in FY 2025-26. Defence exports, which were below Rs.2,000 crore in 2014, had also grown to approximately Rs.40,000 crore. Singh highlighted the growing role of technology in modern warfare and the initiatives undertaken by the Defence Research and Development Organisation (DRDO) to develop advanced weapons, missiles and military systems. He said the government was providing a level playing field to the private sector, encouraging participation from MSMEs to large corporations in the defence ecosystem. Describing it as a 'whole-of-the-nation' approach, he expressed satisfaction over the increasing contribution of private industry towards strengthening India's defence capabilities. Underscoring the importance of human capital, Singh said the strength of the armed forces depended not only on technology and financial resources but also on the capabilities and preparedness of their personnel. He said all three services were continuously refining their military structures and formations to adapt to changing battlefield requirements. The Indian Army's new formations, including Asani, Bhairav and Shaktiban, were proving effective in addressing contemporary operational requirements, he added. The defence minister emphasised that modernisation was not merely about procuring new weapons and equipment but also about enhancing operational preparedness, adopting advanced technologies and developing indigenous capabilities for the long term. He said strategic autonomy and indigenous technological capabilities were essential for national security, and the government was working towards building a robust domestic defence ecosystem to reduce dependence on foreign sources. The meeting also focused on strengthening tri-service integration, joint operational planning, artificial intelligence, autonomous systems, unmanned platforms, cyber and space capabilities, electronic warfare and advanced communication systems. Discussions further highlighted the need to strengthen collaboration among the armed forces, DRDO, defence public sector undertakings, private industries and academic institutions to accelerate research, innovation and the development of indigenous technologies. Members of Parliament from both the Lok Sabha and Rajya Sabha shared suggestions during the meeting. The deliberations emphasised prioritising critical military capabilities, improving coordination among stakeholders, streamlining acquisition and development processes, and periodically reviewing progress against defined objectives....