“The New India of today thinks fast, thinks far and takes quick decisions”, Modi said comparing India to a fighter pilot who 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.
“This new height is the reality of New India, today India is touching new heights and transcending them too”, Prime Minister Narinder Modi said while inaugurating Asia’s biggest aero show – Aero India 2023 – at Yelahanka Air Force Station in Bengaluru.
“Today, Aero India is India’s strength and not just a show”, the Prime Minister said.
According to the PM, Aero India 2023 reflects the changing approach of New India – which not too long ago used to be the largest Defence exporter but has now started exporting Defence equipment to 75 countries in the world.
“When the country moves forward with new thinking, new approach, then its systems also start changing according to the new thinking”, he said while releasing a commemorative stamp at the five-day event to showcase India’s Defence and aerospace capabilities and display indigenous technologies in accordance with the theme ‘The runway to a billion opportunities’.
According to the PM, Aero India is not a ‘show to sell India’ or a window to ‘sell to India’ but an opportunity to showcase the ‘scope of the Defence industry as well as the self-confidence of India” and its growing capabilities. The presence of around 100 nations and more than 800 exhibitors at this event shows the trust that the entire world has in India.
It will yet another opportunity for the Indian government and industry to forge an understanding with foreign companies, and make them participate in the ‘Make in India, Make for the World’ for a secure and prosperous India, he said.
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”, he said. The Prime Minister also called upon Indian business owners and industrialists to invest in the Defence sector to exploit new opportunities in India and in its neighbouring countries.
“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 favors 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.
Speaking on the occasion Defence Minister Rajnath Singh termed the record international participation as the reflection of not just India’s buyer-seller ties with different countries, but also a shared vision of global prosperity.
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Rajnath Singh complimented Prime Minister Narendra Modi’s vision, guidance and unwavering commitment towards the industrial and economic growth of the country which has put India on the political and economic map of the world. This is why India is developing as a promising manufacturing destination with a business-friendly environment and cost-competitiveness, he said.
Later speaking at a seminar organized by the Indian Air Force as a part of Aero India 2023, the Defence Minister emphasised the need for MRO services and called for joint efforts to develop India as a Maintenance, Repair Overhaul (MRO) hub to enhance the self-confidence and morale of our Defence forces as well as bolster National security.
According to him New India has come a long way in the last few years and is marching ahead on the path of empowerment with zeal and dedication. He described Aero India as an expression of India’s resolve to strengthen the Defence sector and give it a new identity.