- The minister added that when the Narendra Modi administration took office at the Center in 2014, India's defence sector saw exports of 30,000 crore.
- The Department of Defence Production's marquee pavilion, the India Pavilion, with the theme "Path to Pride," will highlight the development of homegrown defence products
According to BrahMos Aerospace Chairman Atul D Rane, Prime Minister Narendra Modi has set the goal of reaching USD 5 billion in defence exports by 2025. Rane also stated that they are hoping for more orders from the Philippines.
He added that BrahMos Aerospace anticipates being able to reach that number by itself by that point.
We hope to receive more orders from the Philippines, and we are in discussions with Vietnam, Malaysia, and a number of other nations about exports.
Speaking yesterday, Monday, at the curtain-raiser ceremony for DefExpo, which runs from October 18 to 22, in Gandhinagar, India’s Defence Minister Rajnath Singh said that the country exported weapons and other defense-related goods worth 8,000 crore in the first half of the current fiscal year.
The minister added that when the Narendra Modi administration took office at the Center in 2014, India’s defence sector saw exports of 30,000 crore.
“Prior to 2014, we were able to export (defence) for between 900 and 1,300 crore. We have now exported goods worth more than 30,000 crore after all these years. We may increase the export objective (this year) by another 8,000–9,000 crore, Singh added, as reported by PTI.
The 12th DefExpo’s theme, “Path to Pride,” is in accordance with PM Modi’s goal of making India a powerful and independent country through promoting, displaying, and forming partnerships for the country’s aerospace and defence manufacturing industries with domestic as well as international clients.
The Department of Defence Production’s marquee pavilion, the India Pavilion, with the theme “Path to Pride,” will highlight the development of homegrown defence products, start-ups, and cutting-edge technologies, including artificial intelligence in defence.
The seven new defence businesses that were created from the former Ordnance Factory Board will all be participating at DefExpo for the first time in 2022, which will also commemorate a year since their inception.