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Defence Expo
On the sidelines of DefExpo, Sri Lankan Defence Minister Premitha Bandara Tennakoon met Chief of Defence Staff General Anil Chauhan and appreciated the continued support of India for the island countries' armed forces.Tennakoon also praised India's impressive progress in establishing a strong defence industrial base.Apart fromTennakoon, several other countries' Defence Ministers were also present in DefExpo.Earlier, on october 18, the Sri Lankan Defence Minister had met Chief of Naval Staff Admiral R Hari Kumar. "Enriching consultations on collaborative Maritime Security & avenues to strengthen bilateral defence cooperation," Indian Navy spokesperson tweeted.Yesterday, Rajnath Singh addressed HQIDS-FICCI seminar on 'Atmanirbhar Bharat and Make in India' in Gandhinagar, where he said that the country "must have technological and production capability" if the "reliability of supplies" of defence items has to be maintained."If we have to maintain sustainability and reliability of ..
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India is showcasing its metal at the ongoing Defence Expo in Gandhinagar. While this is heartening, exactly how self-sufficient have we become in our defence production? Let us find out
As many as 451 Memorandums of Understanding (MoUs) and agreements worth Rs 1.53 lakh crore were signed during the Defence Expo or DefExpo 2022 at Gandhinagar, a senior official said. During the valedictory function of the 12th edition of DefExpo at the Mahatma Mandir convention centre, Defence Secretary Ajay Kumar informed the audience that it had broken previous records in terms of business generation. "This was the most outstanding defence expo ever. It saw the highest number of exhibitors, which is in addition to tens of thousands of business visitors. The extent of business this defence expo has generated has surpassed all the previous records," said Kumar. Defence Minister Rajnath Singh and Gujarat Governor Acharya Devvrat were among those present on the dais during the function. "In the last defence expo, which was held in 2020 in Lucknow, 201 MoUs were signed. I am happy to report that today, 451 MoUs and agreements were signed. It involves an estimated amount of Rs 1,53,000
Defence Minister Rajnath Singh on Thursday said the central government is making efforts to achieve a turnover of USD 22 billion by 2025 in defence production. Speaking at the 'Invest in Defence' event as part of the ongoing Defence Expo 2022 in Gujaray capital Gandhinagar, Singh also appealed to investors to approach him or defence ministry officials without any hesitation to resolve issues. He appealed to private players to come forward and invest in the Indian defence industry, saying it is at an important juncture. Not just large corporates, even start-ups and MSMEs (micro small and medium enterprises) are now associated with the defence sector. This is the golden period for the defence sector, he said. "The Indian defence industry is the sunrise sector of the future," the minister said. "The government is making efforts to take domestic defence production from the current USD 12 billion to USD 22 billion by 2025. We may even surpass this target of USD 22 billion. There is no
Prime Minister Narendra Modi on Wednesday laid the foundation stone of a new airbase coming up in north Gujarat near India-Pakistan border and said it will emerge as an effective centre for the country's security. Speaking after inaugurating the Defence Expo 2022 in Gujarat capital Gandhinagar, Modi also said that defence forces will release a list of 101 more items that cannot be imported. With this 411 defence-related goods can only be procured locally, he said. "This will give a major boost to the Indian defence industry, he said. The PM said this is an unprecedented DefExpo as only Indian companies are participating in it for the first time. He said the air base coming up at Deesa in Banaskantha in North Gujarat will "emerge as an effective centre for the security of the country. He also said that the exports of Indian defence products have increased eight times in the last few years. The country has come a long way, as "earlier we used to release pigeons and now we release
The scale of upcoming Defence Expo, to be inaugurated by Prime Minister Narendra Modi here, will be much bigger than the last time and the government expects to sign more than 400 Memorandums of Understanding (MoUs) to bring investment in the upwards of Rs 1.25 lakh crore, officials said on Friday. The Defence Expo (DefExpo 2022) will be held in Gandhinagar from October 18 to 22. "This 12th edition of Defence Expo will be the biggest in the country, with its theme being 'Path to Pride'. It will showcase our commitment to become atmanirbhar (self-reliant) in defence production. It will be inaugurated by PM Narendra Modi on October 19," Defence secretary Dr Ajay Kumar said. "The scale of this Defence Expo will be bigger than any previous such event in the country. So far, 400 MoUs have been finalized to be signed during the expo, which will bring in investment of Rs 1.25 lakh crore. This investment commitment and number of MoUs are double than agreements signed in the last expo," Kuma