“Earlier, India was the biggest importer of weapons, now we export to 75 countries. Modi said: “more than $ 1.5 billion (almost Rs 14,000 crore) of export has already been done in the years 2022-23. By 2024-25, we aim to reach $5 billion.”
Bengaluru: Prime Minister Narendra Modi on Monday, Feb 13, outlined India’s abilities to collaborate with major countries in making the latest in military equipment, even as it emerges as an exporter on its own, a special report by Ajay Banerjee in The Tribune, Chandigarh, says.
Inaugurating the 14th Aero India event here Modi said “we are changing the policies”, adding, “earlier, the Aero India was known as a show to ‘sell to India’, but we have changed that. It’s now more; it’s a showcase of India’s strength in the sector.”
“We are not just a buyer, we are ready for partnership with developed countries. Our technology is cost effective and credible,” said Modi.
The Tejas fighter jets and the sea-going aircraft carrier INS Vikrant are examples of Make in India, said Modi as he cited the new TATA-airbus factory to produce the C295 planes and the newly opened helicopter making factory at Tumkuru Karnataka.
“India of 21st century will not miss any opportunity,” said Modi as he addressed the audience comprising foreign and Indian industry and investors.
India, Modi said, was ready to take a flight “we are thinking fast and thinking deep”.
Earlier, India was the biggest importer of weapons, now we export to 75 countries. Modi said: “more than $ 1.5 billion (almost Rs 14,000 crore) of export in the years 2022-23 have been done. By 2024-25, we aim to reach $5 billion.”
The PM said defence as a sector and as a business is the most complicated but in the last eight to nine years, India has changed the policies in the sector, adding “we will soon work to be the among the biggest exporters”.
Private sector and investors would play a major role in this, the PM added.
He advised the Indian private sector saying they “should not miss this opportunity miss”.
India, Modi said, was ready to take a flight “we are thinking fast and thinking deep”.
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