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Source: IBEF

“On Wednesday, India invited global defence and aerospace firms to establish manufacturing plants in the country, taking advantage of various government initiatives in the region. Prime Minister Mr. Narendra Modi stated that India provides limitless defence and aerospace capacity.

Mr. Modi wrote on Twitter, “Aero India is a brilliant forum for collaborations in these areas. The Government of India has initiated ground-breaking reforms In these fields, which will add impetus to our mission to become Aatmanirbhar (self-reliant).” Speaking at the inaugural ceremony of Aero India-2021, at Air Force Station at Yelahanka, Defence Minister Mr. Rajnath Singh invited global companies in the field to build production units in the country and leverage various initiatives taken by the government in the field.

Mr. Rajnath Singh said, “The central government has implemented several defence sector reforms since 2014 to create a favourable export, Foreign Direct Investment and offset discharge landscape. I have been told that about 540 exhibitors are engaging in the gathering, including 80 foreign companies, Defence Ministers, Delegates, Chiefs of Service and officials from more than 55 nations. This represents a growing optimism of the global community.”

He further stated that it is pleasing to witness such as a large number of participants at this year’s gathering, considering the constraints posed by the global pandemic. Aero India 21 will demonstrate India’s enormous potential and many prospects that our country provides in the defence and aerospace sectors.”