Domestic defence output will double in five years

Prime minister inaugurates Aero India show and pitches for Make India in defence sector

GN Bureau | February 18, 2015


#Aero India show   #narendra modi aero india speech  



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.

Comments

 

Other News

Five years after Nirbhaya, have things changed?

Far away in the other world, she must be weeping seeing the flames of fire she lit for justice slowly fading. On December 16, 2012, the 23-year-old Delhi woman, better known as Nirbhaya now, was brutally raped. She eventually succumbed to her injuries, but not before triggering a storm acorss the count

Income inequality has rapidly increased: Report

The rise in income inequality has been gradual in India, said the World Inequality Report which noted that at the global level, inequality has risen sharply since 1980, despite strong growth in China. The report said that inequality within world regions varies greatly. In 2016, the share of

BHEL launches coal-fired power project in Indonesia

 BHEL has successfully commissioned a 54 mega watt coal-fired captive power project in Indonesia. The project located at East Kalimantan in Indonesia has been set up by BHEL for PT Citra Kusuma Perdana (PT CKP) for its coal-mining operations.   For the project, B

Five years after Nirbhaya: A lot needs to be done

Have things changed five years after the Nirbhaya incident? I see Delhi as the capital of protest, not just capital of rape as it is often painted. In terms of legislation, in 2013 one-stop-centres were set up after the landmark report of Justice Verma Committee and Justice Usha Meh

Winter session will be productive: Modi

The winter session of parliament is starting and I am confident that it will be productive session, said prime minister Narendra Modi on Friday. He hoped that there is “constructive debate and we come up with innovative solutions to our nation`s problems”. Speaking

Know more about Project 75

When prime minister Narendra Modi dedicated Kalvari submarine to the nation, it was significant for more than one reason. Not only did the submarine enhance India’s capability as a blue water navy, it also highlighted Project 75 that focused on a major exercise to build six submarines.



Video

Govt. approves draft legislation to ban triple talaq

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter