India will increase defence exports to $5 by 2024-25: PM
Modi called upon the private sector to invest in the defence sector which would create new opportunities for them in the country and abroad.
Modi called upon the private sector to invest in the defence sector which would create new opportunities for them in the country and abroad.
India's exports in the defence sector are over Rs 1 lakh crore now and new companies entering the segment to make the country 'Atmanirbhar'.
Inaugurating DefExpo22 at the Mahatma Mandir Convention and Exhibition Centre in Gandhinagar, Modi noted that Deesa airfield will enable India deal with misadventure on Western borders.
He urged that while competitive cost is our strength, quality and reliability should be our identity. He further mentioned that in the 21st century, growth and brand value of any nation or any company is determined by its R&D and innovation.
In a written reply to MP Sambhaji Chhatrapati in Rajya Sabha, the Minister of State for Defence Shripad Naik said that various reforms and steps have been taken to enhance defence exports.
Recognising India's status as a 'Major Defence Partner', the US has made necessary changes in its export control laws that…
