We have set a target to reach 5 billion dollars i.e. 40 thousand crore rupees of defence exports in coming times: PM Modi
The Prime Minister, Narendra Modi inaugurated the DefExpo22 at Mahatma Mandir Convention and Exhibition Centre in Gandhinagar, Gujarat, on Wednesday. At the India Pavilion, the Prime Minister unveiled HTT-40 – the indigenous trainer aircraft designed by Hindustan Aeronautics Limited. During the programme, the Prime Minister also launched Mission DefSpace and laid the foundation stone of Deesa airfield in Gujarat.
Underlining the uniqueness of this edition of Defexpo, the Prime Minister said “this is the first defence expo where only Indian companies are participating and it features only Made in India equipment.”
The Expo has more than 1300 exhibitors which include the India Defence Industry, some joint ventures associated with Indian Defence Industry, MSMEs and more than 100 startups.
The Prime Minister remarked that it provides a glimpse of the capability and possibility of India in one single frame. He further informed that more than 400 MoUs are being signed for the first time ever.
Noting the positive response from various countries, the Prime Minister expressed happiness that when India is giving shape to its dreams, 53 friendly countries from Africa are walking with us.
The Prime Minister who also laid the foundation stone of the Deesa airfield in Gujarat said that the forward airforce base will add to the security architecture of the country. Noting Deesa’s proximity with the border, the Prime Minister said that now India is better prepared to respond to any misadventure on the western borders.
In the defence sector, the Prime Minister said, new India is moving ahead with the mantra of Intent, Innovation and Implementation. Till 8 years ago, India was recognized as the world’s largest defence importer. But New India showed intent, showed willpower and ‘Make in India’ is becoming a success story in the defence sector today. “Our defence exports have grown 8 times in the last 5 years. We are exporting defence materials and equipment to more than 75 countries of the world. In 2021-22 Defence exports from India reached $1.59 billion i.e. about 13 thousand crore rupees. And in the coming time, we have set a target to reach 5 billion dollars i.e. 40 thousand crore rupees’” he added.
The Prime Minister called upon all the companies present at the Defense Expo and urged them to give shape to these opportunities keeping India of the future at the centre. “You innovate, take a pledge to be the best in the world, and give shape to the dream of a strong developed India. You will always find me there supporting you”, he concluded.
Chief Minister of Gujarat, Bhupendra Patel, Governor of Gujarat, Acharya Devvrat, Union Minister of Defence, Rajnath Singh, Chief of Defence Staff, General Anil Chauhan, Chief of Army Staff, General Manoj Pande, Chief of Air Staff, Air Chief Marshal V R Chaudhari, Chief of Naval Staff, Admiral R Hari Kumar, and Defence Secretary to Government of India, Dr Ajay Kumar were those present on occasion among others.
Advertisements | 5E For Success