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Aero India 2021: 45 MSMEs have bagged orders worth Rs 203 crore, says Defence Minister Rajnath Singh

Highlights
Rajnath Singh said, The fountainhead of any capability emerges from the robustness of its foundation
The foundation of our vision rests on three pillars. These are Research and Development, Public and Private Defence Production and Defence Exports, Rajnath Singh said
Bengaluru: Defence Minister Rajnath Singh on Friday (February 5) said that attaining self-reliance in manufacturing of defence equipment is a crucial factor for maintaining India`s strategic autonomy. Addressing the `Startup Manthan` at Aero India 2021, Defence Minister said, We have signed 128 MoUs, 19 ToTs, 4 Handing Overs, 18 Product Launches and 32 major announcements, totalling a grand figure of 201 feats. Further, 45 MSMEs participating in Aero India 2021 have bagged orders worth Rs 203 crore. This is a major achievement. ....

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Aim to achieve USD 25 billion in defence production, USD 5 billion exports by 2025: Rajnath Singh

Defence Minister Rajnath Singh addresses Bandhan event in Bengaluru on Thursday. [Photo/ANI]
Aim to achieve USD 25 billion in defence production, USD 5 billion exports by 2025: Rajnath Singh
ANI |
Updated: Feb 05, 2021 14:07 IST
Bengaluru (Karnataka) [India], February 5 (ANI): Defence MinisterRajnath Singh on Friday said that aerospace sector will play an important role to reach the targets of domestic defence production of USD 25 billion and exports of USD 5 billion by 2025.
Addressing the Bandhan event during Aero India 2021 at the Yelahanka Air Force Station, he said, During the period 2015-2020, defence exports grew from Rs 2000 crores to Rs 9000 crores. The aerospace sector has an important role to play if we have to reach our targets of domestic defence production of USD 25 billion and exports of USD 5 billion by 2025. ....

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Defence imports will be down $2 b by 2022: Rajnath - The Hindu BusinessLine

Defence imports will be down $2 b by 2022: Rajnath
February 05, 2021
Defence Minister Rajnath Singh - PTI×
‘This will be due to enhanced domestic manufacturing’
India plans to bring down defence imports by $2 billion by the end of 2022, announced the Union Defence Minister Rajnath Singh at the Aero India 2021’s Bandhan – partnership signing ceremony.
He said, the idea of cutting down on imports is to encourage domestic manufacture of defence related items. Between 2016 and 2019, 138 proposals worth over $37 billion have been approved for domestic manufacturing and they will pay off now in lower imports.
At Aero India, 128 MoUs were signed, 19 technology transfers (ToTs) finalised, four handing overs, 18 product launches and 32 major announcements were made, in all totalling over 200 proposals. ....

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Govt's Aim is to Bring Down Defence Imports by USD 2 Billion by Next Year: Rajnath Singh

»Govt s Aim is to Bring Down Defence Imports by USD 2 Billion by Next Year: Rajnath Singh
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Govt s Aim is to Bring Down Defence Imports by USD 2 Billion by Next Year: Rajnath Singh
Defence Minister Rajnath Singh at the Aero Show inauguration in Bengaluru.
Speaking at the Aero India2021, he also said the aerospace sector has an important role to play if India has to reach its targets of domestic defence production of USD 25 billion and exports of USD five billion by 2025.
FOLLOW US ON:
Defence Minister Rajnath Singh on Friday said with an aim of encouraging the manufacture of defence-related items in the country, the government s endeavour is also to bring down its defence imports by at least USD two billion by 2022. Speaking at the Aero India-2021, he also said the aerospace sector has an important role to play if India has to reach its targets of domestic defence production of USD 25 billion and exports of USD five billion by 2025. ....

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Aim to achieve USD 25 billion in defence production, USD 5 billion exports by 2025: Rajnath Singh – IBC World News

Aim to achieve USD 25 billion in defence production, USD 5 billion exports by 2025: Rajnath Singh – IBC World News
ibcworldnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ibcworldnews.com Daily Mail and Mail on Sunday newspapers.

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