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		<title>Tactical Surveillance UAV Showcased by BEML</title>
		<link>https://imrmedia.in/tactical-surveillance-uav-showcased-by-beml/</link>
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		<dc:creator><![CDATA[IMR Reporter]]></dc:creator>
		<pubDate>Thu, 15 Dec 2022 07:23:00 +0000</pubDate>
				<category><![CDATA[Air Force]]></category>
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		<category><![CDATA[artillery fire correction]]></category>
		<category><![CDATA[BEML]]></category>
		<category><![CDATA[defexpo]]></category>
		<category><![CDATA[DefExpo 2022]]></category>
		<category><![CDATA[surveillance drone]]></category>
		<category><![CDATA[Tactical UAV]]></category>
		<guid isPermaLink="false">https://imrmedia.in/?p=15908</guid>

					<description><![CDATA[<p>BEML displayed its Tactical UAV at DEFEXPO 2022. The UAV can be used for target correction for artillery fire and observation activities. The UAV will be pushed in the surveillance, naval application and weather tracking market. The Tactical UAV was first unveiled at Aero India 2021. BEML is better known for its earthmovers and Metro [&#8230;]</p>
<p>The post <a href="https://imrmedia.in/tactical-surveillance-uav-showcased-by-beml/">Tactical Surveillance UAV Showcased by BEML</a> appeared first on <a href="https://imrmedia.in">IMR</a>.</p>
]]></description>
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<p class="wp-block-paragraph">BEML displayed its Tactical UAV at DEFEXPO 2022. The UAV can be used for target correction for artillery fire and observation activities. The UAV will be pushed in the surveillance, naval application and weather tracking market.</p>



<p class="wp-block-paragraph">The Tactical UAV was first unveiled at Aero India 2021. BEML is better known for its earthmovers and Metro coach assemblies.</p>



<p class="wp-block-paragraph">BEML has taken a two-pronged approach in its foray into the versatile drone space: One, a partnership with the Czech innovation company Primoco UAV to jointly produce the Model One 150 with a 200 km range and payload capacity of 1-30 kg.</p>



<p class="wp-block-paragraph">India&#8217;s immediate requirement is for over 4,000 UAVs in the micro to weaponised categories, and BEML&#8217;s entry is expected to add to the variety. This dictated the company&#8217;s partnership with the Indian Institute of Technology, Kanpur, for joint indigenous development of a Pilotless Target Aircraft (PTA) and a tactical UAV. The tactical UAV will have an endurance of eight hours, the longest in its class.</p>
<p>The post <a href="https://imrmedia.in/tactical-surveillance-uav-showcased-by-beml/">Tactical Surveillance UAV Showcased by BEML</a> appeared first on <a href="https://imrmedia.in">IMR</a>.</p>
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		<title>L&#038;T&#8217;s Light Tank Model, Futuristic Systems Displayed</title>
		<link>https://imrmedia.in/lts-light-tank-model-futuristic-systems-displayed/</link>
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		<dc:creator><![CDATA[IMR Reporter]]></dc:creator>
		<pubDate>Thu, 15 Dec 2022 07:20:00 +0000</pubDate>
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		<category><![CDATA[FICV]]></category>
		<category><![CDATA[L&T]]></category>
		<category><![CDATA[Larsen & Toubro]]></category>
		<category><![CDATA[light tank]]></category>
		<guid isPermaLink="false">https://imrmedia.in/?p=15905</guid>

					<description><![CDATA[<p>Larsen &#38; Toubro (L&#38;T) unveiled a model of its light tank, being developed in collaboration with DRDO. It also displayed its Future Infantry Fighting Vehicle (FICV), Close In Weapon System (CIWS), futuristic high-performance Vertical Take-off and Landing (VTOL) remotely piloted aircraft system. The VTOL is equipped with a new highly efficient power plant with an [&#8230;]</p>
<p>The post <a href="https://imrmedia.in/lts-light-tank-model-futuristic-systems-displayed/">L&#038;T&#8217;s Light Tank Model, Futuristic Systems Displayed</a> appeared first on <a href="https://imrmedia.in">IMR</a>.</p>
]]></description>
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<p class="wp-block-paragraph">Larsen &amp; Toubro (L&amp;T) unveiled a model of its light tank, being developed in collaboration with DRDO. It also displayed its Future Infantry Fighting Vehicle (FICV), Close In Weapon System (CIWS), futuristic high-performance Vertical Take-off and Landing (VTOL) remotely piloted aircraft system. The VTOL is equipped with a new highly efficient power plant with an outstanding power to weight ration that will enable it to operate at extreme altitude of 5,500 metres.</p>



<p class="wp-block-paragraph">According to L&amp;T&#8217;s JD Patil, the Light Tank will be ready for testing by mid-2023. “The development is on at full speed,” he said.</p>



<p class="wp-block-paragraph">The current design being developed by DRDO and L&amp;T is completely ab initio, and not taking Vajra design. While L&amp;T is involved in the development work, it is not assured of a role in the production phase. Developed equipment has to undergo field evaluation trials and emerge successful for the induction clearance, and then production ordering process begins.</p>
<p>The post <a href="https://imrmedia.in/lts-light-tank-model-futuristic-systems-displayed/">L&#038;T&#8217;s Light Tank Model, Futuristic Systems Displayed</a> appeared first on <a href="https://imrmedia.in">IMR</a>.</p>
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		<title>BAE Systems to produce ULH titanium castings in India</title>
		<link>https://imrmedia.in/bae-systems-to-produce-ulh-titanium-castings-in-india/</link>
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		<dc:creator><![CDATA[IMR Reporter]]></dc:creator>
		<pubDate>Thu, 15 Dec 2022 07:14:00 +0000</pubDate>
				<category><![CDATA[Army]]></category>
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		<category><![CDATA[Events]]></category>
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		<category><![CDATA[Production]]></category>
		<category><![CDATA[155mm ULH]]></category>
		<category><![CDATA[BAE Systems]]></category>
		<category><![CDATA[defexpo]]></category>
		<category><![CDATA[DefExpo 2022]]></category>
		<category><![CDATA[PTC Industries]]></category>
		<category><![CDATA[titanium casting]]></category>
		<guid isPermaLink="false">https://imrmedia.in/?p=15902</guid>

					<description><![CDATA[<p>British arms company BAE Systems, on 19 October, signed an agreement with Indian components manufacturer PTC Industries to manufacture titanium castings for the Indian 155 mm M777 Ultra-Lightweight Howitzer (ULH). The castings will be produced at PTC Industries&#8217; production facility in Lucknow, Uttar Pradesh. Under the agreement, the companies will jointly produce lightweight titanium castings. [&#8230;]</p>
<p>The post <a href="https://imrmedia.in/bae-systems-to-produce-ulh-titanium-castings-in-india/">BAE Systems to produce ULH titanium castings in India</a> appeared first on <a href="https://imrmedia.in">IMR</a>.</p>
]]></description>
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<p class="wp-block-paragraph">British arms company BAE Systems, on 19 October, signed an agreement with Indian components manufacturer PTC Industries to manufacture titanium castings for the Indian 155 mm M777 Ultra-Lightweight Howitzer (ULH). The castings will be produced at PTC Industries&#8217; production facility in Lucknow, Uttar Pradesh.</p>



<p class="wp-block-paragraph">Under the agreement, the companies will jointly produce lightweight titanium castings. They will develop a controlled fabrication process and ensure that the same parts can be manufactured in any future production of the M777 howitzers for India.</p>



<p class="wp-block-paragraph">The first sub-systems are expected to be produced by the end of 2022.</p>



<p class="wp-block-paragraph">The manufacturing will eventually be extended to all three of the major structures of the gun namely the Saddle, Cradle, and Lower Carriage.</p>



<p class="wp-block-paragraph">BAE Systems also said that it may soon manufacture a 52-Calibre 155 mm barrel for the ULH in India. This would make India the first customer to have a 155mm 52-calibre platform under 5,800 kg in weight.</p>
<p>The post <a href="https://imrmedia.in/bae-systems-to-produce-ulh-titanium-castings-in-india/">BAE Systems to produce ULH titanium castings in India</a> appeared first on <a href="https://imrmedia.in">IMR</a>.</p>
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		<title>Lockheed Martin Showcases India Supply Chain</title>
		<link>https://imrmedia.in/lockheed-martin-showcases-india-supply-chain/</link>
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		<dc:creator><![CDATA[IMR Reporter]]></dc:creator>
		<pubDate>Thu, 15 Dec 2022 06:55:00 +0000</pubDate>
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		<category><![CDATA[DefExpo 2022]]></category>
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		<category><![CDATA[F21]]></category>
		<category><![CDATA[Javelin]]></category>
		<category><![CDATA[Lockheed Martin]]></category>
		<category><![CDATA[S-92]]></category>
		<guid isPermaLink="false">https://imrmedia.in/?p=15887</guid>

					<description><![CDATA[<p>Lockheed Martin showcased its diverse defence capabilities and solutions, such as a broad span of advanced technologies from the Aeronautics, Rotary and Mission Systems, and Missiles and Fire Control business areas. William L Blair, Chief Executive, Lockheed Martin India, said, “Our joint ventures with Tata and industrial relationships with many Indian companies such as Ashok [&#8230;]</p>
<p>The post <a href="https://imrmedia.in/lockheed-martin-showcases-india-supply-chain/">Lockheed Martin Showcases India Supply Chain</a> appeared first on <a href="https://imrmedia.in">IMR</a>.</p>
]]></description>
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<p class="wp-block-paragraph">Lockheed Martin showcased its diverse defence capabilities and solutions, such as a broad span of advanced technologies from the Aeronautics, Rotary and Mission Systems, and Missiles and Fire Control business areas.</p>



<p class="wp-block-paragraph">William L Blair, Chief Executive, Lockheed Martin India, said, “Our joint ventures with Tata and industrial relationships with many Indian companies such as Ashok Leyland, Lakshmi Machine Works, MIDHANI, Rossell Techsys, and SASMOS among others are a testament to the success of the Government of India&#8217;s mission to create &#8216;Atmanirbhar Bharat&#8217; in the defence sector. ”</p>



<p class="wp-block-paragraph">The prime attraction at its booth this year was the &#8216;Made in India&#8217; fuel-carrying, 9G, 12,000-hour, interchangeable/replaceable fighter wing. This wing was manufactured at the Tata Lockheed Martin Aerostructures Limited (TLMAL) facility in Hyderabad, which also serves as the single global source of C-130J empennage assemblies installed on all new Super Hercules aircraft. To date, TLMAL has manufactured and exported more than 180 C-130J empennages.</p>



<p class="wp-block-paragraph">The F-21 fighter aircraft, which was on offer to the Indian Air Force (IAF), also occupied a prominent place at Lockheed Martin&#8217;s booth. The company is leveraging both 4th and 5th generation technologies to offer the best solution to meet or exceed the IAF&#8217;s capability needs, provide Make in India industrial opportunities, and accelerate India-United States cooperation on advanced technologies, including but not limited to fighter aircraft.</p>



<p class="wp-block-paragraph">The Indian Navy&#8217;s acquisition of the MH-60R &#8216;Romeo&#8217; multi-mission helicopter was another highlight for Lockheed Martin at the show. The MH-60R is the world&#8217;s most advanced maritime helicopter and brings vital anti-submarine and anti-surface warfare capabilities to the Indo-Pacific region. The US Navy already delivered the first three aircraft to the Indian Navy in 2021, and these aircraft are being utilised for training Indian pilots and crew members in California. In July-August 2022, the US Navy transported to India another three helicopters, which will be initially based at Naval Air Station INS Garuda in Kochi. A total of 24 MH-60Rs will be delivered to the country over the next few years.</p>



<p class="wp-block-paragraph">India&#8217;s workhorse, the C-130J Super Hercules airlifter, which represents a strong legacy of partnership between India and the US, was also on display at the Lockheed Martin booth. The S-92 helicopter also boosted Lockheed Martin&#8217;s presence at the show; it recently surpassed two million fleet flight hours which is a testament to the reliability of the multi-mission aircraft.</p>



<p class="wp-block-paragraph">As part of the Javelin Joint Venture, Lockheed Martin also produces the Javelin fire-and-forget anti-tank guided missile system.</p>



<p class="wp-block-paragraph">The company&#8217;s present and future programmes in India range from transport, maritime and fighter aircraft to sea and land-based air and missile defence projects and capabilities in civil sectors, including new and renewable energy.</p>
<p>The post <a href="https://imrmedia.in/lockheed-martin-showcases-india-supply-chain/">Lockheed Martin Showcases India Supply Chain</a> appeared first on <a href="https://imrmedia.in">IMR</a>.</p>
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		<title>Bharat Forge Signs MoU With General Atomics</title>
		<link>https://imrmedia.in/bharat-forge-signs-mou-with-general-atomics/</link>
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		<dc:creator><![CDATA[IMR Reporter]]></dc:creator>
		<pubDate>Thu, 15 Dec 2022 06:51:00 +0000</pubDate>
				<category><![CDATA[Air Force]]></category>
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		<category><![CDATA[Bharat Forge]]></category>
		<category><![CDATA[defexpo]]></category>
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		<category><![CDATA[General Atomics]]></category>
		<guid isPermaLink="false">https://imrmedia.in/?p=15884</guid>

					<description><![CDATA[<p>Bharat Forge Ltd, the world&#8217;s leading technology solutions provider and forging company signed a Memorandum of Understanding (MOU) with General Atomics, US, a global leader in the research, design, and manufacture of a diverse portfolio of electromagnetic and advanced power and energy technologies. Under the terms of the MOU, Bharat Forge and General Atomics&#8217; Electromagnetic [&#8230;]</p>
<p>The post <a href="https://imrmedia.in/bharat-forge-signs-mou-with-general-atomics/">Bharat Forge Signs MoU With General Atomics</a> appeared first on <a href="https://imrmedia.in">IMR</a>.</p>
]]></description>
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<p class="wp-block-paragraph">Bharat Forge Ltd, the world&#8217;s leading technology solutions provider and forging company signed a Memorandum of Understanding (MOU) with General Atomics, US, a global leader in the research, design, and manufacture of a diverse portfolio of electromagnetic and advanced power and energy technologies.</p>



<p class="wp-block-paragraph">Under the terms of the MOU, Bharat Forge and General Atomics&#8217; Electromagnetic Systems Group (GA-EMS) will collaborate for Lithium-Ion Battery System for naval platforms/submarines to address the requirements of Indian Navy. The parties have also agreed to partner with each other in the area of permanent magnet motors.</p>



<p class="wp-block-paragraph">Speaking on the occasion, Mr. Baba Kalyani, Chairman Kalyani Group said, “We have been relentlessly working towards bringing niche technologies in the country with the aim of making Indian self-reliant in defence verticals. GA is a market leader for in-service Li-Ion Battery solutions for naval platforms/submarines and and our partnership with General Atomics is a firm step in the direction to develop Make in India solutions for Indian Navy and setting up a strong defence technology and manufacturing vertical within India.”</p>



<p class="wp-block-paragraph">“We look forward to working with Bharat Forge to meet the requirements of Indian Navy. Our Li-Ion battery system has been developed after 10 years of rigorous R&amp;D. Instead of the usual &#8216;fault prevention&#8217;, our design philosophy is based on assuming a fault and requiring fault containment&#8217;, which has made our system extremely safe and reliable”, stated Scott Forney, president of GA-EMS. “We are committed to working with companies like Bharat Forge, whose reputation for excellence and dedication to quality is synergistic with ours, as we continue to deliver technology innovations and cutting-edge systems for undersea and surface platforms.”</p>
<p>The post <a href="https://imrmedia.in/bharat-forge-signs-mou-with-general-atomics/">Bharat Forge Signs MoU With General Atomics</a> appeared first on <a href="https://imrmedia.in">IMR</a>.</p>
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		<title>BEL signs MoU with MIL for Ammunition Exports</title>
		<link>https://imrmedia.in/bel-signs-mou-with-mil-for-ammunition-exports/</link>
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		<dc:creator><![CDATA[IMR Reporter]]></dc:creator>
		<pubDate>Thu, 15 Dec 2022 06:47:00 +0000</pubDate>
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		<category><![CDATA[defence exports]]></category>
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		<category><![CDATA[DefExpo 2022]]></category>
		<category><![CDATA[MIL]]></category>
		<category><![CDATA[Munition India Ltd]]></category>
		<guid isPermaLink="false">https://imrmedia.in/?p=15881</guid>

					<description><![CDATA[<p>Navratna Defence PSU Bharat Electronics Ltd (BEL) signed an MoU with Munitions India Limited (MIL), a Defence PSU, to jointly address the requirements of Indian Defence and Export markets in the areas of Ammunition, Explosives and related systems. Bhanu Prakash Srivastava, Director (Other Units), BEL, and Mr S K Rout, Director (Operations), MIL, exchanged the [&#8230;]</p>
<p>The post <a href="https://imrmedia.in/bel-signs-mou-with-mil-for-ammunition-exports/">BEL signs MoU with MIL for Ammunition Exports</a> appeared first on <a href="https://imrmedia.in">IMR</a>.</p>
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<p class="wp-block-paragraph">Navratna Defence PSU Bharat Electronics Ltd (BEL) signed an MoU with Munitions India Limited (MIL), a Defence PSU, to jointly address the requirements of Indian Defence and Export markets in the areas of Ammunition, Explosives and related systems.</p>



<p class="wp-block-paragraph">Bhanu Prakash Srivastava, Director (Other Units), BEL, and Mr S K Rout, Director (Operations), MIL, exchanged the MoU documents at Defexpo in the presence of Ravi Kant, CMD, MIL, Joydeep Majumder, Executive Director, BEL and other senior officers of BEL and MIL.</p>



<p class="wp-block-paragraph">The MoU aims at leveraging the complementary strengths and capabilities of BEL and MIL and strengthens the spirit of the Make In India initiative of Government of India, for achieving self-reliance in Defence Sector. The co-operation will enable the companies to&nbsp;&nbsp; jointly address the domestic and Export opportunities in the areas of Ammunition, Explosives and related systems and sub systems.</p>



<p class="wp-block-paragraph">MIL is a DPSU under Department of Defence Production, Ministry of Defence, Government of lndia. MIL, India&#8217;s largest manufacturer &amp; market leader, is engaged in the design, development and manufacture of various types of ammunition and explosives including Small, Medium and High Caliber ammunition, Mortars, Rockets, Hand Grenades, High Explosives, Propellants, Initiathe tory Compositions etc.</p>
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		<title>Prime Minister inaugurates DefExpo 2022</title>
		<link>https://imrmedia.in/prime-minister-inaugurates-defexpo-2022/</link>
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		<dc:creator><![CDATA[IMR Reporter]]></dc:creator>
		<pubDate>Thu, 15 Dec 2022 06:34:00 +0000</pubDate>
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		<guid isPermaLink="false">https://imrmedia.in/?p=15869</guid>

					<description><![CDATA[<p>Prime Minister Narendra Modi inaugurated &#8216;DefExpo 2022&#8217; in Gandhinagar, Gujarat, on 19 October 2022. This was the 12th edition of the event that was organised on the theme &#8216;Path to Pride&#8217;. While addressing the event, PM Modi said, “Def Expo 2022 is displaying a grand picture of the New India, the resolution for which was [&#8230;]</p>
<p>The post <a href="https://imrmedia.in/prime-minister-inaugurates-defexpo-2022/">Prime Minister inaugurates DefExpo 2022</a> appeared first on <a href="https://imrmedia.in">IMR</a>.</p>
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<p class="wp-block-paragraph">Prime Minister Narendra Modi inaugurated &#8216;DefExpo 2022&#8217; in Gandhinagar, Gujarat, on 19 October 2022.</p>



<p class="wp-block-paragraph">This was the 12th edition of the event that was organised on the theme &#8216;Path to Pride&#8217;.</p>



<p class="wp-block-paragraph">While addressing the event, PM Modi said, “Def Expo 2022 is displaying a grand picture of the New India, the resolution for which was taken by us during Amrit Kaal. It has the nation&#8217;s development, states&#8217; participation, youth power, young dreams, young courage &amp; youth&#8217;s capabilities.”</p>



<p class="wp-block-paragraph">“Defence Expo used to be held in our country earlier too but Def Expo 2022 is unprecedented. It&#8217;s the symbol of a new beginning. It&#8217;s the first such Defence Expo in the country where only Indian companies are participating, where there are only Made in India defence equipment, he further added.</p>



<p class="wp-block-paragraph">I&#8217;m delighted that when India is giving shape to these opportunities of the future, 53 African nations that are friends of India are standing shoulder to shoulder with us, the prime minister added.</p>



<p class="wp-block-paragraph">He further said that biggest Defence Expo of the country so far has marked an emphatic beginning of a new future.</p>



<p class="wp-block-paragraph">During the programme, Prime Minister also launched Mission DefSpace – to develop innovative solutions for the Defence Forces in the Space domain through industry and startups. At the inauguration ceremony, PM Modi also laid the foundation stone of 52 Wing Air Force Station Deesa.</p>



<p class="wp-block-paragraph">At the India Pavilion, Prime Minister unveiled HTT-40 – the indigenous trainer aircraft designed by Hindustan Aeronautics Limited (HAL).</p>



<p class="wp-block-paragraph">451 partnerships in terms of MoUs, Transfer of Technology agreements and product launches, almost double than the last edition, were expected during the Bandhan ceremony on October 20.</p>



<p class="wp-block-paragraph">The India Pavilion – a marque pavilion of the Department of Defence Production – was showcasing the maturity of indigenous defence products, start-ups and the latest technology, including Artificial Intelligence in defence, while presenting India&#8217;s vision for 2047.</p>



<p class="wp-block-paragraph">In addition, there was an exclusive Innovations for Defence Excellence (iDEX) Pavilion to showcase the prowess of the country&#8217;s start-ups carrying out R&amp;D and innovation in futuristic technologies.</p>
<p>The post <a href="https://imrmedia.in/prime-minister-inaugurates-defexpo-2022/">Prime Minister inaugurates DefExpo 2022</a> appeared first on <a href="https://imrmedia.in">IMR</a>.</p>
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		<title>451 MoUs Worth Rs 1,53,000 Crore Signed At DefExpo</title>
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		<dc:creator><![CDATA[IMR Reporter]]></dc:creator>
		<pubDate>Tue, 15 Nov 2022 09:44:00 +0000</pubDate>
				<category><![CDATA[Defence Industry]]></category>
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		<category><![CDATA[defence corridor]]></category>
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		<category><![CDATA[DefExpo 2022]]></category>
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					<description><![CDATA[<p>A senior official said 451 Memorandums of Understanding (MoUs) worth Rs 1,53,000 crore were signed in Gandhinagar during the DefExpo 2022. “This was the most outstanding defence expo ever. It saw the highest number of exhibitors, which is in addition to tens of thousands of business visitors. The extent of business this defence expo has [&#8230;]</p>
<p>The post <a href="https://imrmedia.in/451-mous-worth-rs-153000-crore-signed-at-defexpo/">451 MoUs Worth Rs 1,53,000 Crore Signed At DefExpo</a> appeared first on <a href="https://imrmedia.in">IMR</a>.</p>
]]></description>
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<p class="wp-block-paragraph">A senior official said 451 Memorandums of Understanding (MoUs) worth Rs 1,53,000 crore were signed in Gandhinagar during the DefExpo 2022.</p>



<p class="wp-block-paragraph">“This was the most outstanding defence expo ever. It saw the highest number of exhibitors, which is in addition to tens of thousands of business visitors. The extent of business this defence expo has generated has surpassed all the previous records,” Defence Secretary Ajay Kumar said.</p>



<p class="wp-block-paragraph">At DefExpo 2020 in Lucknow, 201 agreements were finalised between “industry and industry, industry and state governments and industry and central governments,” Kumar said.</p>



<p class="wp-block-paragraph">Out of 451 deals, the Uttar Pradesh (UP) Government has signed 13 worth Rs 564 crore, said State Cabinet Minister Nand Gopal Gupta. He added that these MoUs are with the UP Expressways Industrial Development Authority (UPEIDA), with investments to be made in the UP Defence Corridor developed by the UPEIDA.</p>



<p class="wp-block-paragraph">In the 2018-19 General Budget, the government announced plans to establish two defence corridors, in UP and Tamil Nadu. This will help fill the gap in indigenous defence production and is in line with India&#8217;s Make in India and defence Atmanirbharta (self-reliance) campaign.</p>



<p class="wp-block-paragraph">Defence Minister Rajnath Singh stated, “This is the beginning of self-reliance in the Indian Defence sector. This expo has shown that the future belongs to India. This expo has also shown that India will become a global defence manufacturing hub.”</p>



<p class="wp-block-paragraph">DefExpo 2022 had two firsts: it is India&#8217;s first defence expo exclusively for Indian firms and the erstwhile Ordinance Factory Board&#8217;s seven new companies were presenting. 75 countries were present, with 45 of them from Africa represented by their defence ministers.</p>
<p>The post <a href="https://imrmedia.in/451-mous-worth-rs-153000-crore-signed-at-defexpo/">451 MoUs Worth Rs 1,53,000 Crore Signed At DefExpo</a> appeared first on <a href="https://imrmedia.in">IMR</a>.</p>
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		<title>451 Memorandum of Understandings Worth Rs 1,53,000 Crore Signed At DefExpo</title>
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		<pubDate>Fri, 21 Oct 2022 06:05:00 +0000</pubDate>
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					<description><![CDATA[<p>A senior official said 451 Memorandums of Understanding (MoUs) worth Rs 1,53,000 crore were signed in Gandhinagar during the DefExpo 2022. &#160;“This was the most outstanding defence expo ever. It saw the highest number of exhibitors, which is in addition to tens of thousands of business visitors. The extent of business this defence expo has [&#8230;]</p>
<p>The post <a href="https://imrmedia.in/451-memorandum-of-understandings-worth-rs-153000-crore-signed-at-defexpo/">451 Memorandum of Understandings Worth Rs 1,53,000 Crore Signed At DefExpo</a> appeared first on <a href="https://imrmedia.in">IMR</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="wp-block-paragraph">A senior official said 451 Memorandums of Understanding (MoUs) worth Rs 1,53,000 crore were signed in Gandhinagar during the DefExpo 2022.</p>



<p class="wp-block-paragraph">&nbsp;“This was the most outstanding defence expo ever. It saw the highest number of exhibitors, which is in addition to tens of thousands of business visitors. The extent of business this defence expo has generated has surpassed all the previous records,” Defence Secretary Ajay Kumar told news agency Press Trust of India.</p>



<p class="wp-block-paragraph">At DefExpo 2020 in Lucknow, 201 agreements were finalised between “industry and industry, industry and state governments and industry and central governments,” Kumar said.</p>



<p class="wp-block-paragraph">Out of 451 deals, the Uttar Pradesh (UP) Government has signed 13 worth Rs 564 crore, said State Cabinet Minister Nand Gopal Gupta. He added that these MoUs are with the UP Expressways Industrial Development Authority (UPEIDA), with investments to be made in the UP Defence Corridor developed by the UPEIDA.</p>



<p class="wp-block-paragraph">In the 2018-19 General Budget, the government announced plans to establish two defence corridors, in UP and Tamil Nadu. This will help fill the gap in indigenous defence production and is in line with India’s Make in India and defence Atmanirbharta (self-reliance) campaign.</p>



<p class="wp-block-paragraph">Defence Minister Rajnath Singh stated, “This is the beginning of self-reliance in the Indian Defence sector. This expo has shown that the future belongs to India. This expo has also shown that India will become a global defence manufacturing hub.”</p>



<p class="wp-block-paragraph">DefExpo 2022 had two firsts: it is India’s first defence expo exclusively for Indian firms and the erstwhile Ordinance Factory Board’s seven new companies were presenting. 75 countries were present, with 45 of them from Africa represented by their defence ministers.</p>
<p>The post <a href="https://imrmedia.in/451-memorandum-of-understandings-worth-rs-153000-crore-signed-at-defexpo/">451 Memorandum of Understandings Worth Rs 1,53,000 Crore Signed At DefExpo</a> appeared first on <a href="https://imrmedia.in">IMR</a>.</p>
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		<title>India targeting $5 billion exports by 2025, says Rajnath</title>
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		<pubDate>Fri, 21 Oct 2022 06:03:00 +0000</pubDate>
				<category><![CDATA[Daily Defence News]]></category>
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					<description><![CDATA[<p>India has set a target to achieve defence exports worth $5 billion and an overall turnover of $22 billion in production by 2025, defence minister Rajnath Singh said on 20 October. The Union minister’s statement came as over 300 Memorandums of Understanding (MoU) were signed and several transfer of technology (ToT) agreements and product launches [&#8230;]</p>
<p>The post <a href="https://imrmedia.in/india-targeting-5-billion-exports-by-2025-says-rajnath/">India targeting $5 billion exports by 2025, says Rajnath</a> appeared first on <a href="https://imrmedia.in">IMR</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="wp-block-paragraph">India has set a target to achieve defence exports worth $5 billion and an overall turnover of $22 billion in production by 2025, defence minister Rajnath Singh said on 20 October.</p>



<p class="wp-block-paragraph">The Union minister’s statement came as over 300 Memorandums of Understanding (MoU) were signed and several transfer of technology (ToT) agreements and product launches took place with an eye on total investments worth ?1.5 lakh crore, during the ongoing Defence Expo 2022 in Gujarat’s Gandhinagar on Thursday, according to a statement by the defence ministry.</p>



<p class="wp-block-paragraph">“The $5 billion export target set for 2025 reflects the intent of the government for export-oriented manufacturing…,” Singh said while speaking at a seminar jointly organised by the US-India Business Council and Society of Indian Defence Manufacturers at Mahatma Mandir here.</p>



<p class="wp-block-paragraph">“The government is making efforts to take domestic defence production from the current $12 billion to $22 billion by 2025. We may even surpass this target of $22 billion. There is no dearth of opportunities in the defence sector,” he added.</p>



<p class="wp-block-paragraph">The current era is a “golden period” of the Indian defence sector, Singh said. “Our defence industry is going through an important phase. Our industry has showcased its capabilities by manufacturing fighter aircraft, aircraft carriers, main battle tanks and attack helicopters,” he added.</p>



<p class="wp-block-paragraph">A total of 344 MoUs were signed and 46 product launches and 18 ToTs took place during the event on Thursday, according to the government statement. All of them seek to attract investments worth ?1.5 lakh crore, it added. The Indian Air Force and Hindustan Aeronautics Limited concluded a contract for 70 HTT-40 indigenous trainer aircraft worth ?6,800 crore, the statement said.</p>



<p class="wp-block-paragraph">Singh invited US defence companies to set up manufacturing units in India and develop technological collaboration with Indian industries to create a “global supply chain free from vulnerabilities and uncertainties”. “The path to ‘Atmanirbhar Bharat’ or self-reliant India consists of a comprehensive set of policy frameworks that seeks to build indigenous technological and production capacity and capability with cooperation, participation and collaborations with reputed institutions and Original Equipment Manufacturers (OEMs) from friendly nations,” he said.</p>
<p>The post <a href="https://imrmedia.in/india-targeting-5-billion-exports-by-2025-says-rajnath/">India targeting $5 billion exports by 2025, says Rajnath</a> appeared first on <a href="https://imrmedia.in">IMR</a>.</p>
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