Finance
The Prime Minister, Shri Narendra Modi inaugurated the 14th edition of Aero India 2023 at Air Force Station, Yelahanka in Bengaluru today. The theme of Aero India 2023 is “The Runway to a Billion Opportunities’ and will witness participation by more than 80 countries along with 800 defence companies including around 100 foreign and 700 Indian companies. In line with the Prime Minister’s vision of ‘Make in India, Make for the World’, the event will focus on displaying indigenous equipment/technologies and forging partnerships with foreign companies.
Addressing the gathering, the Prime Minister said that Bengaluru sky is bearing testimony to the capabilities of New India. “This new height is the reality of New India, today India is touching new heights and transcending them too”, the Prime Minister said.
The Prime Minister said that Aero India 2023 is a shining example of India’s growing capabilities and the presence of more than 100 nations at this event shows the trust that the entire world shows in India. He noted the participation of more than 700 exhibitors including Indian MSMEs and startups along with the well-renowned companies of the world. Throwing light on the theme of Aero India 2023 ‘The Runway to a Billion Opportunities’, the Prime Minister expressed that the strength of Atmanirbhar Bharat keeps on growing with each passing day.
Referring to the Defence Minister’s Conclave and CEO Roundtable that is being organized along with the show, Shri Modi said that active participation in the sector will enhance the potential of Aero India.
The Prime Minister underscored the importance of Aero India taking place in Karnataka which is the hub of India’s technological advancement. He said that this will open new avenues for the youth of Karnataka in the aviation sector. The Prime Minister called upon the youth of Karnataka to deploy their technological expertise in the field of defence to strengthen the country.
“When the country moves forward with new thinking, new approach, then its systems also start changing according to the new thinking”, the Prime Minister said as he highlighted that Aero India 2023 reflects the changing approach of New India. The Prime Minister recalled when Aero India used to be ‘just a show’ and a window to ‘sell to India’ but the perception has changed now. “Today, Aero India is India’s strength and not just a show”, the Prime Minister said as he stated that it not only showcases the scope of the defence industry but also showcases the self-confidence of India”
The Prime Minister said that India’s successes are bearing witness to its capabilities. Tejas, INS Vikrant, advanced manufacturing facilities in Surat and Tumkur, said the Prime Minister, are the potential of Aatmnirbhar Bharat with which the world’s new alternatives and opportunities are linked.
“The new India of the 21st century will neither miss any opportunity nor will it lack any effort”, the Prime Minister said as he noted the revolution brought in every sector with the help of reforms. He underlined that the nation which used to be the largest defence exporter for decades has now started exporting defence equipment to 75 countries in the world.
Referring to the transformation of the defence sector in the last 8-9 years, the Prime Minister said that the aim is to take defence exports from 1.5 billion to 5 billion by 2024-25. “From here India will take rapid strides to be included among the largest defence manufacturing countries and our private sector and investors will play a big role in that”, the Prime Minister said. The Prime Minister called upon the private sector to invest in the defence sector which will create new opportunities for them in India and in many other countries.
“The India of today thinks fast, thinks far and takes quick decisions”, Shri Modi said as he drew the analogy of India in Amrit Kaal to a fighter jet pilot. The Prime Minister said that India is a nation which is not afraid but excited to soar to new heights. India is always rooted however high it flies howsoever is its speed, the Prime Minister stressed.
“Aero India’s deafening roar echoes India’s message of Reform, Perform and Transform”, the Prime Minister remarked. He mentioned that the entire world is taking note of the reforms made for ‘Ease of Doing Business’ in India and touched upon the various steps taken to create an environment that favours global investments as well as Indian innovation. He touched upon the reforms made in Foreign Direct Investments in defence and other sectors and the simplification of processes for issuing licenses to industries while also increasing their validity. The Prime Minister said that in this year’s Budget, tax benefits for manufacturing units have been enhanced.
The Prime Minister said where there is demand, expertise as well experience, Industry growth is natural. He assured the gathering that efforts to strengthen the sector will keep going forward even stronger.
Governor of Karnataka, Shri Thawar Chand Gehlot, Chief Minister of Karnataka, Shri Basvaraj Bommai, Union Minister for Defence, Shri Rajnath Singh, Union Minister for Civil Aviation, Shri Jyotiraditya Scindia and Union Minister of State for Defence, Shri Ajay Bhatt were present on the occasion among others.
Background
In line with the Prime Minister’s vision of ‘Make in India, Make for the World’, the event will focus on displaying indigenous equipment/technologies and forging partnerships with foreign companies. Prime Minister’s emphasis on Aatmanirbharta in the Indian Defence sector will also be displayed, as the event will showcase the country’s progress in design leadership, growth in UAVs Sector, Defence Space and futuristic technologies. Further, the event will promote the export of indigenous air platforms like Light Combat Aircraft (LCA)-Tejas, HTT-40, Dornier Light Utility Helicopter (LUH), Light Combat Helicopter (LCH) and Advanced Light Helicopter (ALH). The event will also help in integrating domestic MSMEs and start-ups in the global supply chain and attract foreign investments including partnerships for co-development and co-production.
Aero India 2023 will witness participation by more than 80 countries. Ministers of about 30 countries and 65 CEOs of global and Indian OEMs are likely to participate in Aero India 2023.
Aero India 2023 exhibition will witness the participation of more than 800 Defence companies including around 100 foreign and 700 Indian companies. The Indian companies participating in the exhibition include MSMEs and start-ups, which will showcase the advancement of niche technologies, growth in aerospace and defence capabilities in the country. Major exhibitors in Aero India 2023 include Airbus, Boeing, Dassault Aviation, Lockheed Martin, Israel Aerospace Industry, BrahMos Aerospace, Army Aviation, HC Robotics, SAAB, Safran, Rolls Royce, Larsen & Toubro, Bharat Forge Limited, Hindustan Aeronautics Limited (HAL), Bharat Electronics Limited (BEL), Bharat Dynamics Limited (BDL) and BEML Limited.
Source:PIB
