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February 2020
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Ishant is hitting good areas, Prithvi should follow instincts: Kohli hints on playing XI        PCB chief hints at Pakistan giving up Asia Cup hosting rights        First 5G handset in India likely to be priced at Rs 50,000        Coronavirus outbreak to hit global growth; to have limited impact on India: RBI Guv        Death toll from China virus surges past 2,000        Necessary to prevent statelessness when nationality laws are changed: UN chief        Maha CM visits Shivneri Fort on Shivaji''s birth anniversary        Can transport minister come to explain govt proposal for introducing EVs, asks SC        SC upheld right to protest but other citizens also have rights: Interlocutors at Shaheen Bagh        Won't rule out playing 2023 World Cup, says Taylor        Sachin Tendulkar wins Laureus Sporting Moment Award for 2011 WC triumph        Messi, Hamilton share Laureus World Sportsman of Year honour; Biles gets third award        Kerala tourism eyes robust growth in domestic tourist footfalls in 2020        RBI Governor says no reason to doubt govt will meet fiscal deficit targets        UK budget on March 11 as planned: new finance minister        Wuhan hospital director dies of coronavirus        Opening of Kartarpur Corridor practical proof of Pakistan's desire for peace, says UN chief        People of Delhi taught a lesson to BJP which it will remember for long time: Gehlot        Delhi court sends Sharjeel to judicial custody till Mar 3 in New Friends Colony anti-CAA violence case        Prashant Kishor questions Nitish Kumar's development in Bihar        
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Business News
Our target is USD 5 billion of defence export in next five years: Modi
 
Lucknow: India is eyeing defence export of USD 5 billion in the next five years, Prime Minister Narendra Modi said on Wednesday, highlighting the measures taken by his government to boost manufacturing and woo investors to set up a base in the country.

Inaugurating the 11th edition of DefExpo here, Modi said a country of the size of India cannot entirely depend on imports and added the number of defence licenses issued in the last five years has risen to 460 from 210 in 2014, the year he first came to power.

India is building several defence equipment like artillery guns, aircraft carriers, submarines, light-combat aircraft, and combat helicopters, he said.

"Our mantra is Make in India, for India, for world. In 2014 the export of defence equipment from India was about Rs 2,000 crore. In the last 2 years it has gone up to Rs 17,000 crore. In the next five years our target is export of USD 5 billion, which is about Rs 35,000 crore," the prime minister said.

India is not only a major market globally but a vast opportunity for the world as well, he said, asserting that Uttar Pradesh is going to be one of the biggest defence manufacturing hubs in India.

Lack of proper policy initiative in last several decades made India the biggest importer of defence platforms, he added.

Modi cited misuse of technology, terrorism and cyber threat as challenges facing the world and said defence forces are eyeing new technology considering new threats. India is not behind others, he added.

He said a roadmap had been finalised to use application of artificial intelligence in defence sector.

The prime minister said the creation of the post of Chief of Defence Staff and the Department of Military Affairs will boost the overall defence production.

"We are going to enhance our presence in the outer space in coming years," he said, adding that the DRDO is putting up effective protection for India's assets in outer space created by ISRO.

"Our defence preparedness is not aimed at any country as India is a reliable contributor to world peace. It's our responsibility to ensure security of not only India but countries in the neighbourhood as well," he said.

He invited foreign defence manufacturers to "come and invest in India.


First 5G handset in India likely to be priced at Rs 50,000
Coronavirus outbreak to hit global growth; to have limited impact on India: RBI Guv
Kerala tourism eyes robust growth in domestic tourist footfalls in 2020
RBI Governor says no reason to doubt govt will meet fiscal deficit targets
Moody's cuts India growth projection to 5.4 pc for 2020
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Volkswagen opens bookings for two new SUVs
RBI to come out with last monetary policy for FY20 on Thursday
KERALA NEWS
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 Thrissur: Two forest department officials were on Sunday charred to death in a wildfire at Wadakkanc  
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INTERNATIONAL NEWS
Death toll from China virus surges past 2,000
 Beijing, Feb 19 (PTI) The death toll from the coronavirus epidemic in China crossed the 2,000-mark o
Necessary to prevent statelessness when nationality laws are changed: UN chief
UK budget on March 11 as planned: new finance minister
Wuhan hospital director dies of coronavirus
NATIONAL NEWS
Maha CM visits Shivneri Fort on Shivaji''s birth anniversary
 Mumbai, Feb 19 (PTI) Maharashtra Chief Minister Uddhav Thackeray visited the Shivneri Fort in Pune d
Can transport minister come to explain govt proposal for introducing EVs, asks SC
People of Delhi taught a lesson to BJP which it will remember for long time: Gehlot
Delhi court sends Sharjeel to judicial custody till Mar 3 in New Friends Colony anti-CAA violence case
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