Defence Minister Rajnath Singh expressed confidence that the country will achieve the target of five billion dollar worth of defense exports by 2024. The MoUs signed by us will strengthen the defense industrial base and will prove beneficial for the country. Around 200 agreements have been concluded in this Defexpo and described it as historic. The Uttar Pradesh Expressways Industrial Development Authority (UPIEDA), 23 MoUs were signed, and Rs 50,000 crore investment. This Defexpo, initially a target of signing 100 MoUs and business agreements was fixed, but till now, over 200 MoUs have been approved, which is the beginning of a new chapter in this sector.
Defence manufacturing firms from across the world are participating in the five-day mega event inaugurated.
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