New Delhi: Over 200 partnerships involving the signing of Memorandum of Understanding (MoUs), Transfer of Technology (ToTs), and product launches were concluded on the third day of DefExpo 2020, at ceremony tilted ‘Bandhan’, making it the most successful of such events held in India.
The pacts aimed at forging and renewing partnerships for innovative collaboration and transformation of the Defence manufacturing sector in the country were inked by representatives of various Defence Public Sector Undertakings (DPSU), private defence companies and foreign companies in the presence of Defence Minister Rajnath Singh and Chief Minister of Uttar Pradesh Yogi Adityanath in Lucknow.
Singh described the signing of MoUs as a step in the direction to achieve Prime Minister Modi’s $5 billion defence exports target in next 5 years. He stated that DPSUs and the Indian defence private industry were better placed today to lead India as the emerging R&D hub of the world leveraging the sharp minds of Indian youth.
Singh also said that liberalised licensing regime brought out by the Government will attract large investments by both Indian and global companies. He thanked all the stakeholders who signed MoUs and expressed hope that Uttar Pradesh would emerge as a Defence Manufacturing hub.
Among those MoUs signed today, 23 of them were by Uttar Pradesh Government. Adityanath said these MoUs envisage Rs 50,000 crore investment in the defence corridor set up in the state and generate 3 lakh job opportunities. He assured that investments coming to the state were secure and the state investment policy was the most attractive in the country. He also announced that Hindustan Aeronautics Ltd (HAL) would soon supply Dornier 19-seater civilian aircraft to Uttar Pradesh.
Ajay Kumar, Defence Secretary said that this DefExpo would be remembered for many firsts including for the signing of the largest number of MoUs, ToTs and product launches.
Bandhan ceremony witnessed more than 13 product launches, 124 MoUs between DPSUs, private and global defence manufacturing companies. 23 MoUs were signed between the UP Government and private companies.
Sateesh Reddy, Secretary, Chairman of Defence Research and Development Organisation (DRDO), said that it was DRDO’s duty to ensure that the Defence corridor in Uttar Pradesh flourishes, hence DRDO signed a technological partnership agreement with the state government, imparting skill training, hand-holding and providing guidance in all aspects related to technology. A collaboration cell was already set up in the state to facilitate the process.
Reddy also mentioned that a Research and Development centre would be set up in the state that would act as a catalyst with respect to defence development. Technology transfer was made available at no cost to companies in order to further the defence ecosystem in the country. Further, the patents held by DRDO were given free to Indian companies to further develop technologies that would benefit Indian companies.
Shripad Naik, MoS Defence; Satish Mahana, Minister for Industrial Development, UP government; and Awanish Kumar Awasthi, CEO, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) were also present during the ceremony.
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