**Executive Summary**
This document details the Raksha Mantri's address at the 'Sagar Sankalp' event, emphasizing self-reliance in defence and maritime capabilities. Key objectives include reaching approximately Rs 29,000 crore in defence exports by April 2026 and positioning India among the top shipbuilding nations by 2030 and 2047. The government is implementing reforms to bolster defence production and modernize the shipbuilding sector.
**Key Points / Main Content**
* **Self-Reliance and Global Uncertainty:**
* Self-reliance is crucial for staying relevant and ready amidst global uncertainties and changing global order.
* The current global situation necessitates realignment of supply chains and adaptation to new geopolitical equations.
* Technological dynamism is a key element, with high-end and precision technologies being increasingly used in the defence sector.
* **Defence Exports and Production:**
* Defence exports are poised to reach approximately Rs 29,000 crore by April 2026, with a target of Rs 50,000 crore by FY 2029-2030.
* Domestic defence production reached a record Rs 1.50 lakh crore in FY 2024-25.
* The private industry currently contributes about 25% to defence production and is expected to increase this share to 50%.
* **Shipbuilding Sector Development:**
* The government aims to steer India into the top 10 shipbuilding nations by 2030 and top five by 2047.
* Ships are to be developed into technology hubs through infrastructure modernization, digital design tools, and modular construction techniques.
* The transition from a "Buyer's Navy" to a "Builder's Navy" is a significant achievement.
* Investments worth approximately Rs 3 lakh crore are planned under the Maritime India Vision 2030 and Maritime Amrit Kaal vision 2047 to develop world-class shipbuilding clusters.
* **Government Reforms and Support:**
* Structural and policy reforms focus on transparency, financial discipline, performance benchmarking, and R&D in defence production.
* Steps are being taken to provide a level playing field for the private industry, including improved import-export processes and establishment of defence corridors.
* Financial assistance schemes, liberalised FDI norms, and PPP models are being encouraged for the shipbuilding landscape.
**Impact Analysis**
* **Defence Sector Industry (including Public Sector Undertakings - PSUs, Private Companies, MSMEs, and Start-ups):**
* **Impact:** Increased opportunities for domestic production and exports, greater emphasis on R&D and technological advancement, enhanced role for the private sector and MSMEs, and a shift towards developing ships as technology hubs.
* **Action Required:** To align with government reforms, focus on qualitative and quantitative improvements in production, adopt advanced technologies, and contribute to the vision of self-reliance.
* **Indian Navy:**
* **Impact:** Enhanced readiness and operational capabilities, with all warships and submarines on order being built in Indian shipyards from design to lifecycle support, contributing to a "Builder's Navy."
* **Action Required:** To continue leveraging indigenous defence production and maintain readiness for emerging and future challenges.
* **Policymakers and Defence Establishments:**
* **Impact:** A strategic direction for strengthening maritime security and the shipbuilding ecosystem, with a focus on geopolitical dynamics, resilient supply chains, and global competitiveness.
* **Action Required:** To continue implementing progressive port policy, regulatory reforms, and foster industrial collaboration to achieve national maritime vision.
* **Global Maritime Stability:**
* **Impact:** India's advancement in maritime vision is expected to contribute significantly to global maritime stability.
* **Action Required:** To continue coordinated planning, technology adoption, and institutional synergy to safeguard national interests and contribute to global stability.
Key Entities Referenced
Raksha Mantri: The Minister of Defence, who is the primary speaker and proponent of the policy initiatives discussed.
Sagar Sankalp - Reclaiming India's Maritime Glory: The defense and maritime dialogue where the policy was inaugurated and key discussions took place.
Garden Reach Shipbuilders & Engineers (GRSE) Limited: A key organization, jointly organizing the Sagar Sankalp event and a focus area for government policy in shipbuilding.
Maritime India Vision 2030: A referenced policy document outlining plans for India's maritime sector development.
Operation Sindoor: A specific operation mentioned as an indicator of the Indian Navy's readiness and the defense sector's progress.
Ministry of Defence
Self-reliance is the only way to stay relevant &
ready in today’s global uncertainties: Raksha
Mantri at Sagar Sankalp
“Defence exports poised to reach approx. Rs 29,000 crore by
April 2026”
“Indian Navy’s readiness, success of operations like Op
Sindoor & self-reliance steps indicate that our defence sector
is moving in the right direction”
“Our aim is to develop ships into technology hubs & bring
them up to global standards through infrastructure
modernisation”
“Govt aims to steer India into top 10 shipbuilding nations by
2030 & top five by 2047”
Posted On: 06 MAR 2026 1:08PM by PIB Delhi
“Self-reliance is the only way to stay relevant and ready in the present era of uncertainty,” said Raksha
Mantri Shri Rajnath Singh while inaugurating Sagar Sankalp - Reclaiming India’s Maritime Glory, a
defence and maritime dialogue jointly organised by Garden Reach Shipbuilders & Engineers (GRSE)
Limited and a private media organisation in Kolkata, West Bengal on March 06, 2026. He emphasised that
the current global situation has led to the realignment of supply chains, formation of new equations, and
constant rise in maritime activities, reaffirming the Government’s resolve of attaining self-reliance in
every field.“Old ideas, old global order, and old perceptions are changing rapidly. These are the uncertainties we need
to understand. The current situation in the Middle East is one prime example. What is happening there is
quite unusual. It is difficult to make concrete comments about the future course of events in the Middle
East or in our neighborhood. The Strait of Hormuz or the entire Persian Gulf region is crucial for global
energy security. When there is disturbance in the region, it directly impacts the supply of oil and gas.
Moreover, we’re witnessing supply chain disruptions in other sectors as well. These uncertainties have a
direct impact on the economy and global trade. The global scenario is an abnormal situation. What is more
worrying is the fact that this abnormality is becoming the new normal,” said Raksha Mantri.
Describing “technological dynamism” as another crucial element in today's world, Shri Rajnath Singh
stated that technology is bringing about unprecedented changes in every sphere of life, and it is even more
clearly visible in the defence sector. He highlighted that high-end and precision technologies are being
used in the defence sector, and the Government aims to achieve Aatmanirbharta in defence tech to remain
stay ready for emerging and future challenges.
Raksha Mantri enumerated the structural and policy reforms implemented by the Government to bolster
defence production qualitatively and quantitatively, with special emphasis on transparency, financial
discipline, performance benchmarking, and R&D. Terming DPSUs as a key pillar of the Government’s
self-reliance vision, he stated that, in the shipbuilding sector, GRSE and other shipyards, have also been
given special focus to make the domestic industrial ecosystem strong and futuristic. “The goal is to
develop ships into technology hubs, not just production units. Efforts are being made to bring them up to
the global standards through infrastructure modernisation, digital ship design tools, modular construction
techniques, and supply chain integration,” he said.Shri Rajnath Singh also highlighted the steps taken to provide a level playing field to the private industry
in the defence sector, including improved import-export processes, availability of DRDO labs, facilitating
green channel certification, establishing defence corridors and opening up reserved orders of DPSUs.
These steps, he said, are not only meant to facilitate, but to enable the private sector to achieve maximum
performance, underlining the Government’s objective to ensure the nation’s development through equal
participation of public and private sectors.
Raksha Mantri pointed out that the Government’s efforts are yielding positive results as, in the Financial
Year 2024-25, domestic defence production surpassed a record figure of Rs 1.50 lakh crore, with defence
exports touching an all-time high of approx. Rs 24,000 crore. He stated that by April 2026, the defence
exports are poised to reach approx. Rs 29,000 crore and the Government has set a target to export defence
equipment worth Rs 50,000 crore by FY 2029-2030.
Shri Rajnath Singh acknowledged the fact that the private industry, today, contributes with approximately
25 percent of the defence platforms/equipment and accessories manufactured in the country, and exuded
confidence that this participation will increase to 50 percent share of total defence production by value in
the times to come.
Raksha Mantri noted that all the warships and submarines on order for the Indian Navy are being built in
Indian shipyards - from design, engineering, construction to lifecycle support. He termed it as a major leap
towards self-reliance. “Self-reliance is no longer just a slogan; it is being established as a practical reality.
A Builder’s Navy is not a slogan; it is a ground reality,” he said.
Shri Rajnath Singh also praised the contribution of MSMEs, start-ups, and indigenous vendors in the
construction of large platforms, asserting that a warship is a product of joint efforts, also known as the
Conglomerate Effect. This conglomerate effect creates synergy, increases efficiency, mitigates risk, and
creates an ecosystem of innovation, he said. He emphasised that the Government has introduced several
financial assistance schemes to advance India's shipbuilding landscape, including the creation of a
dedicated mechanism for long-term funding, liberalised FDI norms, and encouraged PPP model. Under
the Maritime India Vision 2030 and Maritime Amrit Kaal vision 2047, investments worth approx. Rs 3
lakh crore have been planned to develop world-class shipbuilding clusters, he added.
Concluding his address, Raksha Mantri said that India’s maritime domain will be safe, prosperous, and
strong if the nation moves forward with coordinated planning, technology adoption, and institutional
synergy. “The Indian Navy’s readiness, the success of operations like Operation Sindoor, and the steps
towards self-reliance indicate that India's defence sector is moving in the right direction. If we worktogether to advance this maritime vision, in the years to come, India will not only safeguard its interests
but also make a significant contribution to global maritime stability. Our target is to steer India into the top
10 shipbuilding nations by 2030, and reaching the top five by 2047,” he said.
In his remarks, CMD, GRSE Commodore PR Hari (Retd) reflected on India’s civilisational maritime
legacy and the evolution of indigenous shipbuilding capability. He noted that India’s transition “from a
Buyer’s Navy to a Builder’s Navy” marked a decisive turning point in restoring industrial depth. He also
cited the journey from the delivery of INS Ajay in 1961 to the next-generation platforms under
construction as symbolic of technological transformation and rising indigenisation.
The conclave brought together senior naval leadership, policymakers and industry stakeholders to
deliberate on strengthening India’s maritime security architecture and shipbuilding ecosystem. Panel
discussions focused on aligning naval shipbuilding with emerging geopolitical dynamics, addressing grey-
zone threats and distributed maritime operations; building sovereignty at sea through resilient domestic
supply chains; expanding shipbuilding scale to meet global trade and energy transition demands; and
positioning India as a competitive global destination for shipbuilding and ship repair through progressive
port policy, regulatory reform and industrial collaboration.
***
VK/Savvy
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