Bengaluru: Prime Minister Narendra Modi on Monday said that India aims to take defense exports to $5 billion by 2024-25 and it will move fast to join the defence-producing countries.
“India has rejuvenated its defense sector in the last 8-9 years. We just consider this to be just the beginning. We aim to take defense exports to $5 billion by 2024-25. India will now move fast to join the defence producing countries,” he said after inaugurating Aero India 2023 here.
Modi said today India isn’t just a market for world defence companies but is a partner, and the country is also emerging as a suitable partner for countries that are looking to fulfill their security needs.
“Our technology is cost-effective as well as credible coupled with honest intent,” he added.
Make In India’s strength at display
Modi said Tejas fighter planes, indigenously developed INS Vikrant as well as the Helicopter factory in Tumakuru are examples of Make In India’s strength.
“India of the 21st century will neither lose out on any opportunity nor will shy away from working hard to achieve its dreams,” he said.
PM said today’s India thinks fast, and far and takes quick decisions and added that the India of Amrit Kaal is moving forward like a fighter pilot, and is not afraid to touch heights and eager to fly high.