PM Modi in­au­gu­rates De­fExpo 2018

A TO Z INDIA - - Inside -

Prime Min­is­ter Naren­dra Modi in­au­gu­rated the 10th edi­tion of de­fence Expo 2018 in Chen­nai. The four-day long de­fence expo would aim to high­light In­dia as an emerg­ing man­u­fac­tur­ing power. The ex­hi­bi­tion holds great im­por­tance as In­dia would show­case her de­fence power, be­sides 47 na­tions are also par­tic­i­pat­ing in the event that be­gan on Aprill 11 and would be con­tin­ued till April 14.

Be­low we have listed out the 10 ma­jor things from the in­au­gu­ra­tion speech of Prime Min­is­ter Naren­dra Modi which you should know about.

1. The Prime Min­is­ter be­gan his ad­dress with thank­ing the peo­ple of Tamil nadu. He said that he was de­lighted to see an en­thu­si­as­tic gath­er­ing in this his­toric re­gion of Kanchipu­ram, "I am very happy to be here in the land of the great Cho­las who estab­lished In­dia's his­tor­i­cal civ­i­liza­tion links through trade and ed­u­ca­tion", he fur­ther added.

2. The Prime Min­is­ter said that it has been won­der­ful to see that over 500 In­dian com­pa­nies and around 150 for­eign com­pa­nies have par­tic­i­pated in De­fence expo 2018.

"More than 40 coun­tries have sent their of­fi­cial del­e­ga­tions as well", the Prime Min­is­ter said.

3. PM Modi em­pa­sised that the BJP led gov­ern­ment is com­mit­ted to pro­tect the coun­try's ter­ri­tory. "Our com­mit­ment to peace is just as strong as our com­mit­ment to pro­tect­ing our peo­ple and our ter­ri­tory. For this we are ready to take all nec­es­sary mea­sures to equip our Armed Forces, in­clud­ing through the es­tab­lish­ment of a strate­gi­cally in­de­pen­dent de­fence in­dus­trial com­plex".

4. List­ing out the ease of do­ing busi­ness in the man­u­fac­tur­ing sec­tor, he said, "We are con­scious that de­fence man­u­fac­tur­ing is unique in terms of govt. in­volve­ment. You need the govt. to grant a li­cense to man­u­fac­ture. Since the govt. is al­most the only buyer, you need the govt. to grant an or­der. You need the gov­ern­ment even to grant per­mis­sion to ex­port".

5. The Prime Min­is­ter said that the gov­ern­ment has in re­cent years took many steps in the field of de­fence man­u­fac­tur­ing li­censes, de­fence off­sets, de­fence ex­ports clear­ances and on For­eign Di­rect In­vest­ment in de­fence man­u­fac­tur­ing along with re­form­ing In­dia's de­fence pro­cure­ment.

6. "The De­fence Pro­cure­ment Pro­ce­dure has been re­vised with many spe­cific pro­vi­sions for stim­u­lat­ing growth of do­mes­tic de­fence in­dus­try. We have also de-no­ti­fied some items ear­lier made ex­clu­sively by Ord­nance Fac­to­ries, so that pri­vate sec­tor, esp. MSMEs can en­ter this space" PM Modi said.

7. In May 2014, the to­tal num­ber of de­fence ex­port per­mis­sion granted stood at 118, for a to­tal value of 577 mil­lion dol­lars. In less than four years, we have is­sued 794 more ex­port per­mis­sions, for a to­tal value of over 1.3 bil­lion dol­lars, Prime Min­is­ter Modi in­formed.

8. “We are com­mit­ted to es­tab­lish­ing 2 De­fence In­dus­trial Cor­ri­dors: 1 in TN & 1 in UP. These will uti­lize de­fence man­u­fac­tur­ing ecosys­tems in the re­gions & fur­ther build upon it. The cor­ri­dors will be­come en­gines of eco­nomic de­vel­op­ment and growth of de­fence in­dus­trial base”, PM said.

9. “There was a time when the crit­i­cal is­sue of de­fence pre­pared­ness was ham­pered by pol­icy paral­y­sis. We have seen the da­m­age such lazi­ness, in­com­pe­tence or per­haps some hid­den mo­tives, can cause to the na­tion.Not now, Not any­more, Never again”, he said in his ad­dress.

10. “We have not only taken bold ac­tion to meet our im­me­di­ate crit­i­cal re­quire­ments, but have also ini­ti­ated a new process to pro­cure 110 fighter air­crafts”, PM Modi in­formed in his speech.

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