India's defence exports rose sixfold due to govt's initiatives, President Murmu tells Parliament

New Delhi, January 31: President Droupadi Murmu praised India's indigenous defence manufacturing on Tuesday, saying that the country's defence exports have increased dramatically as a result of government initiatives.

The statement by President Murmu, who is also the supreme commander of the armed forces, came in her opening remarks of Parliament's Budget session.

"As a result of new initiatives by my government, our defence exports have increased six times. I am proud that today the first indigenous aircraft carrier in the form of INS Vikrant has also joined our Navy," President said.

In her maiden address to the joint sitting of Parliament, President Murmu also stated that India's firm and tough stance against terrorism is the reason why the country is being taken seriously by the world on the issue of terrorism.

President Murmu also mentioned India's G20 presidency this year, saying that the country hopes to find solutions to global issues.

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"India holds the presidency of the G20 this year. Along with all member states of G20, India aims to find solutions to world problems," she added.

In reference to India's emphasis on innovation and entrepreneurship, the President praised the youth for bringing India's innovation to the rest of the world.

"My government has continuously laid unprecedented emphasis on innovation and entrepreneurship. Today our youth are showing the power of their innovation to the world," she stated.

"On the one hand, we are developing our pilgrimage centres and historic heritage, while on the other hand, India is becoming a major space power in the world. India has launched the first private satellite too."

The President further noted India's role in the world of pharmacy and said that the country is enhancing its identity as "pharmacy of the world."

"Today, on one hand, India is taking its ancient knowledge of Yoga and Ayurveda to the world. On the other hand, it is enhancing its new identity as 'pharmacy of the world'," she added.

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