Defence Expo 2020: PM Modi fires at virtual firing range with assault rifle.
Watch video
Prime Minister Narendra Modi on Wednesday was seen testing his shooting skills in a virtual firing range at the ongoing DefExpo 2020 in Lucknow. Photos and videos of PM Modi holding an assault rifle and taking aim has gone viral.
India TV News DeskIndia TV News Desk
New Delhi
Updated on: February 05, 2020 23:45 IST
Prime Minister Narendra Modi on Wednesday was seen testing his shooting skills in a virtual firing range at the ongoing DefExpo 2020 in Lucknow. Photos and videos of PM Modi holding an assault rifle and taking aim has gone viral. Uttar Pradesh Chief Minister Yogi Adityanath is seen admiring Modi as he took the rifle in his hands. Meanwhile, Defence Minister Rajnath Singh was also seen in photos trying out a gun.
Hard selling India as an attractive investment destination, Prime Minister Narendra Modi on Wednesday set a target of USD 5 billion worth of military exports in the next five years and invited global defense majors to set up manufacturing hubs in the country.
Inaugurating the 11th edition of DefExpo, the prime minister said India is significantly boosting its military might and even increasing presence in outer space responsibly.
"Our mantra is Make in India, for India, for the world. In 2014 the export of defense equipment from India was about Rs 2,000 crore. In the last 2 years, it has gone up to Rs 17,000 crore. In the next five years our target is export of USD 5 billion, which is about Rs 35,000 crore," the prime minister said.
At the same time, he said that strengthening of military prowess was not aimed at any country and asserted that India has always been a reliable partner of peace and stability in the region and beyond.
The five-day DefExpo -- India's biennial exhibition of military platforms and weapons -- is being attended by 38 defense ministers and top executives of 172 foreign defense majors and 856 Indian companies.
Talking about the neighborhood, Modi said India not only focuses on its own security but also considers it a responsibility to help countries in the region deal with key challenges and ensure regional peace and development.
Defence products' exports to exceed Rs 35,000 crore target
Last fiscal, exports were about Rs 10,700 crore and in 2019-20, the Centre set a target of Rs 20,000 crore.
twitter-logo PTI New Delhi Last Updated: July 14, 2019 | 12:47 IST
Defence products' exports to exceed Rs 35,000 crore target
Defence products' exports
MORE FROM THE AUTHOR
Bharti Airtel not to buy 5G spectrum if base price fixed at Trai recommended priceHave sought 10 years to pay principal AGR amount with two-year moratorium, says Vodafone
With the growing trend of shipments in recent years, exports of defence products will exceed the Rs 35,000 crore target by 2024-25, an official said. "I expect the exports will surpass the target of Rs 35,000 crore by 2024-25," Defence Production Department Secretary Ajay Kumar told PTI.
Defence components are key drivers, he said. Kumar was in the city to promote private sector participation in defence production and also inaugurated a facilitation centre for the defence production at Bharat Chamber of Commerce.
"Defence exports had been growing exponentially. It is like a big rock, which is hard to move, but once it starts rolling, it only gains momentum," he said.
Last fiscal, exports were about Rs 10,700 crore and in 2019-20, the Centre set a target of Rs 20,000 crore. In the first quarter of the current fiscal, exports worth Rs 5,600 crore had already been recorded," he said.
Exports were just worth Rs 1,500 crore in 2016-17 and Rs 4,500 crore 2017-18, he said.
Kumar stated that the government had been taking several steps to encourage the private sector, MSMEs in particular, in defence production under the existing production policy and some "notable changes" had been brought in the recent policy.
Ordnance Factory Board had decided that it would not seek capacity verification for almost 90 per cent of the products barring some of the sensitive items.
OFB and defence PSUs are planning to outsource about 3000 items which will give boost to MSMEs sector, Kumar said.
The government had also allowed suo-motu defence products development and production.
"Six to seven suo-motu proposals had already been accepted," Kumar said.
Traditionally, the Defence department used to float tenders for products that it decided to procure, but now the government has allowed private sector to pitch for useful products that they have developed.
Also read: Budget 2019: Modest rise in defence spending likely, but not enough for modernisation
Watch video
Prime Minister Narendra Modi on Wednesday was seen testing his shooting skills in a virtual firing range at the ongoing DefExpo 2020 in Lucknow. Photos and videos of PM Modi holding an assault rifle and taking aim has gone viral.
India TV News DeskIndia TV News Desk
New Delhi
Updated on: February 05, 2020 23:45 IST
Prime Minister Narendra Modi on Wednesday was seen testing his shooting skills in a virtual firing range at the ongoing DefExpo 2020 in Lucknow. Photos and videos of PM Modi holding an assault rifle and taking aim has gone viral. Uttar Pradesh Chief Minister Yogi Adityanath is seen admiring Modi as he took the rifle in his hands. Meanwhile, Defence Minister Rajnath Singh was also seen in photos trying out a gun.
Hard selling India as an attractive investment destination, Prime Minister Narendra Modi on Wednesday set a target of USD 5 billion worth of military exports in the next five years and invited global defense majors to set up manufacturing hubs in the country.
Inaugurating the 11th edition of DefExpo, the prime minister said India is significantly boosting its military might and even increasing presence in outer space responsibly.
"Our mantra is Make in India, for India, for the world. In 2014 the export of defense equipment from India was about Rs 2,000 crore. In the last 2 years, it has gone up to Rs 17,000 crore. In the next five years our target is export of USD 5 billion, which is about Rs 35,000 crore," the prime minister said.
At the same time, he said that strengthening of military prowess was not aimed at any country and asserted that India has always been a reliable partner of peace and stability in the region and beyond.
The five-day DefExpo -- India's biennial exhibition of military platforms and weapons -- is being attended by 38 defense ministers and top executives of 172 foreign defense majors and 856 Indian companies.
Talking about the neighborhood, Modi said India not only focuses on its own security but also considers it a responsibility to help countries in the region deal with key challenges and ensure regional peace and development.
Defence products' exports to exceed Rs 35,000 crore target
Last fiscal, exports were about Rs 10,700 crore and in 2019-20, the Centre set a target of Rs 20,000 crore.
twitter-logo PTI New Delhi Last Updated: July 14, 2019 | 12:47 IST
Defence products' exports to exceed Rs 35,000 crore target
Defence products' exports
MORE FROM THE AUTHOR
Bharti Airtel not to buy 5G spectrum if base price fixed at Trai recommended priceHave sought 10 years to pay principal AGR amount with two-year moratorium, says Vodafone
With the growing trend of shipments in recent years, exports of defence products will exceed the Rs 35,000 crore target by 2024-25, an official said. "I expect the exports will surpass the target of Rs 35,000 crore by 2024-25," Defence Production Department Secretary Ajay Kumar told PTI.
Defence components are key drivers, he said. Kumar was in the city to promote private sector participation in defence production and also inaugurated a facilitation centre for the defence production at Bharat Chamber of Commerce.
"Defence exports had been growing exponentially. It is like a big rock, which is hard to move, but once it starts rolling, it only gains momentum," he said.
Last fiscal, exports were about Rs 10,700 crore and in 2019-20, the Centre set a target of Rs 20,000 crore. In the first quarter of the current fiscal, exports worth Rs 5,600 crore had already been recorded," he said.
Exports were just worth Rs 1,500 crore in 2016-17 and Rs 4,500 crore 2017-18, he said.
Kumar stated that the government had been taking several steps to encourage the private sector, MSMEs in particular, in defence production under the existing production policy and some "notable changes" had been brought in the recent policy.
Ordnance Factory Board had decided that it would not seek capacity verification for almost 90 per cent of the products barring some of the sensitive items.
OFB and defence PSUs are planning to outsource about 3000 items which will give boost to MSMEs sector, Kumar said.
The government had also allowed suo-motu defence products development and production.
"Six to seven suo-motu proposals had already been accepted," Kumar said.
Traditionally, the Defence department used to float tenders for products that it decided to procure, but now the government has allowed private sector to pitch for useful products that they have developed.
Also read: Budget 2019: Modest rise in defence spending likely, but not enough for modernisation
No comments:
Post a Comment