Leading from front, Defence Research and Development Organisation (DRDO) and Defence Public Sector Undertakings (DPSUs) participated in the Defexpo 2016 in full strength. The largest Land, Naval and Internal Homeland Security Systems Exhibition of India is aimed at promoting exports in the Defence Sector in the country.
The Government aims at increasing the exports of Defence equipment by 3 to 4 times in the coming 5 to 7 years. He said that new policy initiative will permit Defence PSUs to export up to 10% of defence equipment. As export sales generate higher revenue the profit accrued will be plowed back into capacity enhancement for improving supply to the Armed forces in the long run.
Export from DPSUs will be subject to clearances from the partner concerns and Ministry of External Affairs.
DRDO had booked largest area in the exhibition which included indoor and outdoor display. This year the design theme of DRDO Pavilion is “Rise of Futurism”. DRDO Futurism emphasises its vision to make India prosperous by establishing world class science and technology base and provide our Defence Services a decisive edge by equipping them with internationally competitive systems and solutions.
The DPSUs Bharat Dynamics Limited (BDL), Bharat Earth Movers Limited (BEML), Bharat Electronics Limited (BEL), BrahMos Aerospace, Hindustan Aeronautics Limited (HAL), Mazagaon Dock Shipbuilders Limited (MDL), Mishra Dhatu Nigam Limited (MIDHANI) and Ordinance Factory Board (OFB), showcased latest products and cutting edge technology.