Being Planned: B2B, G2G and MoUs
Ministerial level delegations are expected at the 11th biennial edition of DefExpo India-2020 which is scheduled to be held for the first time in Lucknow on 5-8 February showcasing Indian defence industry capabilities and promote export potential.
Theme ‘India: The Emerging Defence Manufacturing Hub’ with focus will be on ‘Digital Transformation of Defence’.
The four-day mega event will DefExpo present India’s emergence as a major manufacturing hub providing attractive opportunities for co-development and co-production of defence equipment and systems not only for local defence forces but also for export to the world.
The shows are conducted at an international level, which not only facilitates Business-to-Business (B2B) interaction with senior foreign delegations but also Government-to-Government (G2G) meetings and signing of Memorandums of Understanding (MoUs), the Defence Ministry said on 21 July 2019.
The exhibition will also highlight emergence of UP as an attractive destination for investment in the defence sector and act as a platform for alliances and joint ventures in the defence industry.
The northern state of Uttar Pradesh has a strong defence industrial infrastructure. It has four units of Hindustan Aeronautics Ltd at Lucknow, Kanpur, Korwa and Naini (Prayagraj), nine ordnance factory units, including Kanpur, Korwa, Shahjahanpur, Firozabad and one unit of Bharat Electronics Limited at Ghaziabad.
One of the two Defence Industrial Corridors (DICs) of India is also planned in Uttar Pradesh. The Corridor will encourage Defence Micro Small and Medium Enterprises (MSMEs), including Indian defence industry and promote Defence Public Sector Undertakings (DPSUs). The other DIC is proposed in Tamil Nadu.
The DefExpo will provide an opportunity to the major foreign Original Equipment Manufacturers (OEMs) to collaborate with the Indian defence industry and help promote ‘Make in India’ initiative.
The DefExpo would provide a unique platform for Defence industry OEMs, exhibitors and private industry to display their latest innovations and capabilities. fiinews.com
