PM Modi inaugurates DefExpo 2022 in Gandhinagar, announces 4th positive indigenisation list of 101 items

Underlining the uniqueness of this edition of Defexpo, PM Modi said “this is the first defence expo where only Indian companies are participating and it features only Made in India equipment.”

NewsBharati 19-Oct-2022 13:14:31 PM

Total Views | 69

Gandhinagar, Oct 19: PM Narendra Modi inaugurated the DefExpo22 in Gandhinagar, Gujarat, and unveiled HTT-40, the indigenous trainer aircraft designed by Hindustan Aeronautics Limited. During the program, he also launched Mission DefSpace and laid the foundation stone of the Deesa airfield in Gujarat.

Underlining the uniqueness of this edition of Defexpo, PM Modi said “this is the first defence expo where only Indian companies are participating and it features only Made in India equipment.”

During the DefExpo 2022, PM Modi announced the ‘Fourth Positive Indigenisation List’ of 101 item. All the items included in the lists will be procured from indigenous sources as per provisions given in Defence Acquisition Procedure (DAP) 2020. This list provides continuous impetus towards self-reliance in defence.

The Defence Minister had earlier announced 'First, Second and Third Positive Indigenisation Lists', comprising 310 items on August 21, 2020; May 31, 2021 and April 07, 2022 respectively.

"The fourth list has been prepared by Defence Minister after several rounds of consultations with all stakeholders, including the industry. It lays special focus on equipment/systems, which are being developed and likely to translate into firm orders in the next five to ten years. Like the first three lists, import substitution of ammunition which is a recurring requirement has been given special focus," the Ministry said.

Further, it added, "This fourth list recognises the growing capacity and capabilities of the Indian defence industry and is likely to stimulate the potential of domestic research & development by attracting fresh investment into technology and manufacturing capabilities"

Apart from this, PM Modi said "Our defence exports have grown 8 times in the last 5 years. We are exporting defence materials and equipment to more than 75 countries of the world. In 2021-22 Defence exports from India reached $1.59 billion i.e. about 13 thousand crore rupees. And in the coming time, we have set a target to reach 5 billion dollars i.e. 40 thousand crore rupees."