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NATION OCTOBER 21, 2022 | The Indian Eye 8

In the “golden period” of Indian defense,

minister explains India’s win-win paradigm

The Indian Government is aiming to increase Defense production from $ 12 billion to $22

billion by the year 2025, says Rajnath Singh

OUR BUREAU tion in the domestic market. Simulta-
neously, we are making efforts to get
Gandhinagar
market access for domestic business
urtains came down on the in foreign countries so they can cap-
mega three-day event Def- ture markets outside India,” he said.
CExpo 2022 on Thursday in Singh said, “Our defense industry
Gujarat’s Gandhinagar where 451 is going through an important phase.
Memoranda of Understanding, prod- Our industry has showcased its ca-
uct launches and technology transfers pabilities by manufacturing fighter
were concluded to provide further aircraft, aircraft carriers, main battle
impetus to the aerospace and defense tanks and attack helicopters. The cur-
industry of the country. rent era is a golden period of the Indi-
The valedictory function was an defense sector,” he said.
graced by Governor of Gujarat Acha- These projects, the defense min-
rya Devvrat and Defense Minister ister said have helped to create an
Rajnath Singh. In his valedictory ecosystem and achieve valuable ex-
speech, Rajnath Singh said that today perience. This experience will help
DefExpo-2022 is concluding but with future generations to support and de-
this new chapter of empowerment of velop the defense system, he added.
the Indian Defense sector is starting. Earlier, Defense Minister Ra-
This is the start of self-reliance of the jnath Singh said on Wednesday that
Indian defense sector and this will Rajnath Singh speaks at 12th DefExpo in Gandhinagar on Thursday (ANI) when peace and security of any region
move forward with new energy and is threatened, the entire world feels its
determination. impact in multiple ways. He was ad-
The success of this mega event dressing Indian Ocean Region (IOR)
has proved that India will be the hub nation during an event organized on
of Global Defense Manufacturing, he the sidelines of DefExpo 2022. The
said. event was attended by Defense Min-
The 12th edition of DefExpo isters of several countries.
was excellent and successful. Defense He added that the recent
Ministers and senior diplomats from Ukrainian conflict showed how its rip-
several countries participated in it. ple effects could adversely impact the
Business leaders who participated in energy and food security of the most
this mega event have important con- vulnerable countries.
tributions to the event. “We reject the pretensions of
During the DefExpo, events like moral superiority in international re-
Start-up Manthan, Invest for De- lations. Rather, we believe in a global
fense, India-Africa Defense Dialogue order based on mutual respect and
and Bandhan were successfully orga- the benefit of every country, big or
nized. small. We do not subscribe to the Ze-
The current era is a “golden peri- ro-sum paradigm of strategic compe-
od” of the Indian defense sector, said tition,” he said.
Defense Minister Rajnath Singh at “We believe in a win-win para-
DefExpo in Gandhinagar on Thursday. Chief of the Army Staff General Manoj Pande being briefed on the indigenously developed Hi- digm of international relations. India
Singh was speaking at ‘Invest for looks forward to working with the
Defense’, the event organized during tech and Advanced Weapon Systems at the DefExpo 2022 in Gandhinagar on Thursday (ANI) representatives of government, busi-
the 12th edition of DefExpo. The ness and academia of our partner
event has been added to the Defense and policy reforms undertaken by the Minister said the government has al- countries, for promoting cooperation
Expo from this edition onwards. Ac- government for ease of doing busi- located capital acquisition for defense and closer interaction among the na-
cording to the Ministry of Defense, ness in the defense sector. procurement tions, seeking peace and stability of
the event was organized to promote “We have to create healthy envi- “The Government is aiming to IOR,” he said.
investment in the defense sector in ronment for our investors that will not increase Defense production from It is generally understood that
the country by both the Indian indus- only give them good returns but also 12 billion US dollars to 22 billion US oceans separate countries, but if we
try and foreign original equipment give them recognition in domestic and dollars by the year 2025. We are mak- look at it a little differently, oceans
manufacturers. It will also highlight global markets,” Singh said. To boost ing all efforts to protect our domestic connect us in myriad ways, trade is an
the requirements of the armed forces the domestic organized sector, the industry from unfair foreign competi- important one, he said.

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