Private sector participation is biggest catalyst to change in defence sector
The Indian defence industry is going through a transformational phase and the active participation of the private sector is the biggest catalyst to that change, Defence Minister Rajnath Singh said at the review Aero India 2023 preparations.
“Not just the private sector, but R&D establishments and academia are also working together with the Government,” he said on 24 Jan 2023.
“Aero India is a medium to provide a platform to all the stakeholders to jointly strengthen the defence & aerospace sector and contribute to Nation Building,” he added.
The Minister emphasised that while Aero India is a business event, it also aims to strengthen India’s relations with other countries.
He also underlined the importance of these events for the business ecosystem of the states in which they are organised as well as available opportunities.
He was given a detailed account of the arrangements of the 14th edition of Asia’s largest aero show, which will be held in Bengaluru, Karnataka between 13-17 Feb 2023.
Rajnath Singh exhorted all the stakeholders to ensure fool-proof arrangements for the participants.
“Aero India 2023 will not just be an event, but a display of the growing prowess of the defence and aerospace sector and the rise of a strong and self-reliant ‘New India’,” he said.
As on date, 731 exhibitors have registered for the five-day event, ‘The runway to a billion opportunities’, to be held Air Force Station, Yelahanka, spread across around 35,000 sqm.
Defence Ministers’ Conclave, with the theme ‘Shared Prosperity Through Enhanced Engagement in Defence (SPEED)’, and a CEOs Roundtable are among the marquee events.
The Manthan start-up event and Bandhan ceremony, which witnesses signing of MoUs, will also be part of the event, along with a fabulous air show on all the five days.
It will showcase the paradigm shift the Government has brought in with the aim of organising such events, that also include DefExpo.
The events have been restructured with focus on increasing defence exports and forging partnerships rather than merely import of weapons and equipment. fiinews.com
