India aiming for defence exports worth $5-billion in next 5 years: PM Narendra Modi

Written by Krishn Kaushik
| Lucknow |

Published: February 6, 2020 3:58:04 am

Prime Minister Narendra Modi.

Prime Minister Narendra Modi on Wednesday projected India as a defence manufacturing hub of the future and said it aims to achieve a defence export target of US$ 5 billion in the next five years.

Inaugurating DefExpo, the largest-ever biennial defence exhibition hosted by India, in Lucknow, the Prime Minister stressed on the importance of India becoming self-reliant in the defence sector. “How long can the world’s second-largest population, second largest Army and the largest democracy remain dependent only on imports?” he said.

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.

“Our defence preparedness is not aimed at any country as India is a reliable contributor to world peace. It’s our responsibility to ensure the security of not only India but countries in the neighbourhood as well,” he said. “…Along with the Indian Ocean Region, we have the responsibility to keep our interests and humanity secure in a large part of the world,” he added.

The Prime Minister stated that those who…

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