Prime minister inaugurates Aero India show and pitches for Make India in defence sector
GN Bureau | February 18, 2015
Inaugurating the 10th biennial edition of Aero India at Air Force Station in Yelahanka, Bengaluru, prime minister Narendra Modi asserted that defence is at heart of Make in India programme and the domestic procurement of defence equipment will be increased from 40 percent to 70 percent in next five years.
He said that there is a need to improve Indian defence system stressing the need for defence preparedness. “The defence industry will succeed more if we bring the manufacturing sector in India,” Modi said on Wedneday.
PM pointed out that 60 percent of India's defence equipment continues to be imported and said "studies show that even a 20 to 25 per cent reduction in imports can create additional 1,00,000 to 1,20,000 highly skilled jobs."
He said that in coming five years, the domestic procurement of defence equipment will be increased from 40 percent to 70 percent. “We would double the output in our defence industry. The impact in terms of job creation will be great. The aerospace industry will alone need 2,00,000 people in another 10 years.”
Nine defence ministers from across the globe, including Israel’s Moshe Ya’alon were present on the occasion. As many as 33 countries and 328 foreign and 295 Indian companies are taking part in the show (February 18 to February 22).
“Our security challenges and international responsibilities are well known. We do need to increase our defence preparedness. We do have to modernize our defence forces. We have to equip ourselves for the needs of the future, where technology will play a major role. As a nation of one billion people, we also have huge requirements for managing internal security. We are increasingly integrating technology and systems into it. These opportunities make Aero India an important international event. For me, this is not just a trade fair for defence equipment,” Modi said in his speech on Wednesday.
Just after the UP assembly election in 1996, I was among the scores of reporters waiting at Kalyan Singh’s residence, waiting to get the first inkling of the future course of the BJP. The party had secured the maximum seats – 174 out of 425 seats – but was short of the majority mark
“Company Secretaries, once known as secretaries to the board and management, have transformed themselves into key managerial and governance professionals. Today they are recognised for their importance on corporate landscape and have become gatekeepers of corporate governance,” said Ajay Tyagi,
Any good news which promises to bring about qualitative improvement in the lives of people, especially in rural India, is always welcome. It was heartening indeed to learn that every single village in the country now has access to electricity, as announced by the prime minister on April 29. This is most ce
The paved road, the few concrete houses and men on motorcycles – these are deceptive signs of development in Madralalpur village. Only a couple of weeks ago, Babu, a 47-year-old distressed farmer, had hanged himself from a babool tree. Villagers were gathered at his house as his wife, mother, sister-
Statistics has come a long way from the time when British prime minister Benjamin Disraeli observed: “There are three kinds of lies: lies, damned lies, and statistics.” Statistics is now an accredited branch of applied mathematics; statistical methods are routinely used to prove or disprove the
Of all offences, it’s the crime of rape that fires public sentiment the most, eliciting an outrage that exceeds the seemingly worst felony of all – murder too. It has probably more to do with the offence and associated gory details staying, even being replayed ruthlessly, in memory with continu