Skip to content
  • Facebook
  • X
  • Linkedin
  • WhatsApp
  • Associate Journalism
  • About Us
  • Privacy Policy
  • 033-46046046
  • editor@artifex.news
Artifex.News

Artifex.News

Stay Connected. Stay Informed.

  • Breaking News
  • World
  • Nation
  • Sports
  • Business
  • Science
  • Entertainment
  • Lifestyle
  • Toggle search form
  • Dramatic Video Of Vijayawada Street Flooding, 4 Feet Of Water In 3 Hours Nation
  • Markets extend gains for 5th session; Sensex revisits 74k Business
  • Jharkhand Boy, 16, Beaten To Death After His Bike Hit A Buffalo: Cops Nation
  • Arrested For Thrashing Cop, 2 Men Fire At 3 Other Policemen In Uttar Pradesh Nation
  • “No Pakistan-India Rivalry…”: Arshad Nadeem Next Neeraj Chopra Pipped Him For Global Championships Gold Sports
  • West Bengal Medical Council Suspends 3 Doctors Close To Ex-RG Kar Principal Nation
  • India, Russia In Talks Over Joint Research Of Thermonuclear Fusion: Russian Atomic Body Chief Nation
  • Morning Digest | Israel expands ground operations in Gaza; Parliamentary panel on Home holds back report on crime Bills, and more World

India’s Defence Exports To Touch Rs 50,000 Crore In 2029-30: Rajnath Singh

Posted on November 2, 2024 By admin


Rajnath Singh said the use of drones, cyber warfare, precision guided missiles has transformed warfare

Kanpur:

Defence Minister Rajnath Singh on Saturday said that India’s Aatmanirbhar drive was “yielding the desired results” and the country was poised to reach Rs 50,000 crore in defence exports by 2029-30.

Addressing the 65th Foundation Day celebrations at the Indian Institute of Technology (IIT), Kanpur, the Defence Minister called upon Indian youth to indigenously develop high-end technologies, which the country imports, to realise Prime Minister Narendra Modi’s vision of ‘Viksit Bharat’.

He stressed on the need to get a hold on high-end technology, urging the young ignited minds to realise their potential and contribute to the country’s progress. He termed institutions like IIT Kanpur as academic engines, which can provide a dynamism to India in the present competitive environment.

Rajnath Singh said that the government’s efforts to achieve self-reliance are turning out to be highly successful as defence exports, which were around just Rs 600 crore 10 years ago, crossed a record number of Rs 21,000 crore in Financial Year 2023-24. He exuded confidence that the progress will continue and defence exports will reach Rs 50,000 crore by 2029-30.

Highlighting the increasing role of technology in the defence ecosystem across the globe amidst ongoing conflicts, the Defence Minister said that the use of drones, laser warfare, cyber warfare, precision guided missiles and hypersonic missiles has transformed warfare into a technology-oriented one.

“The biggest hurdle in achieving ‘Aatmanirbharta’ in defence is that we are compelled to import some high-end technologies necessary for our items. There is a need to focus on the defence application of modern cutting-edge technologies in view of the changing nature of warfare,” he added.

Rajnath Singh assured the government’s full support in this endeavour and reiterated the commitment to take all stakeholders, including the private sector and academia, together to make India self-reliant in defence.

“India has dreamed of becoming a developed nation by 2047 on the strength of our youth. We must put in all our power to realise that dream. There is a proverb, ‘If you want to go fast, go alone. If you want to go far, go together’. We need to walk together to achieve our target,” he said.

Enumerating the steps taken by the government to promote self-reliance and innovation in defence, Rajnath Singh spoke about the Innovations for Defence Excellence (iDEX) initiative which provides a grant of Rs 1.5 crore to innovators and start-ups.

He added that Acing Development of Innovative Technologies with iDEX (ADITI) scheme was launched to promote innovations in critical and strategic defence technologies, wherein start-ups are eligible to receive grant-in-aid of up to Rs 25 crore for their research, development, and innovation endeavours in defence technology.

The Defence Minister pointed out that manufacturing of a technology involves three major steps – ideation, application & production – and institutions like IIT Kanpur can play a big role from incubating ideas to creation of products. He underscored the importance of coming out with products and technologies, which become a necessity for the Armed Forces once they are developed.

As part of the celebrations, IIT Kanpur hosted a special event on defence innovation, aligning with the vision of ‘Aatmanirbhar Bharat’.

Rajnath Singh visited a Defence Research, Product, and Incubation Showcase organised by the Start-up Incubation and Innovation Centre (SIIC) at IIT Kanpur, which highlighted pioneering solutions from 23 SIIC-incubated start-ups, presenting advancements in defence technology such as autonomous systems, AI-driven surveillance, and next-generation communication tools.

The Defence Minister engaged with Start-up founders and research teams at the exhibition stalls, commending their contributions to enhance national security.

Several MoUs were also signed to strengthen partnerships, including IIT Kanpur’s collaborations with BEML and Hindustan Aeronautics Limited (HAL) to drive advancements in military logistics & defence innovation, and a partnership with Kanpur University to strengthen incubation efforts. Secretary of DDR&D and DRDO Chairman Samir V. Kamat presented sanction letters for six transformative DRDO projects, while SIDBI’s Matching Offer for iDEX-funded start-ups further boosted essential funding support.

The event also included key discussions on the country’s latest defence initiatives, such as iDEX’s Defence India Start-up Challenge 12 and ADITI 2.0 Challenges, which provided attendees with valuable insights into the defence innovation landscape.

A commemorative tree plantation, led by Rajnath Singh, symbolised IIT Kanpur’s enduring legacy in technological and defence advancement and commitment to sustainability.

Secretary (Defence Production) Sanjeev Kumar, Secretary, Department of Defence R&D and Chairman DRDO Dr Samir V Kamat, Director of IIT Kanpur Prof Manindra Agrawal, Professor-in-Charge of SIIC Prof Deepu Philip, students and distinguished alumni of the institute attended the event.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)



Source link

Nation Tags:India's Defence Exports, Rajnath Singh

Post navigation

Previous Post: UN summit approves fund to share benefits of nature’s sequenced genetic data
Next Post: “How’s Prithvi Shaw Going?” Australian Coach Takes Subtle Dig At India Star While Talking About This Player

Related Posts

  • Mamata Banerjee Pushed From The Back? Doctor Explains What He Really Meant Nation
  • What We Know So Far Nation
  • Hyderabad Police arrest 21 TGSP personnel for unauthorised protest at Dharna Chowk Nation
  • Blanket Of Smog Covers Delhi, Air Quality ‘Very Poor’ On Diwali Nation
  • Militant arrested with cartridges, explosives in Manipur Nation
  • Rajnath Singh’s Swipe At Omar Abdullah Over Afzal Guru Remarks Nation

More Related Articles

Punjab Man Beaten To Death Over Alleged Sacrilege At Gurdwara Nation
Ratan Tata’s Last Rites With State Honours, Thousands Pay Tribute Nation
Soldiers, Teens, Officers – All Hands On Deck In Manipur Flood Relief And Rescue Nation
Cyclone Dana To Make Landfall Soon, Bengal And Odisha On Alert: 10 Points Nation
Gautam Adani Welcomes Team India Nation
CBI Registers Corruption Case Against Ex-Chief Of Medical Exam Body Bipin Batra Nation
SiteLock

Archives

  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022

Categories

  • Business
  • Nation
  • Science
  • Sports
  • World

Recent Posts

  • Tata Motors Q2 consolidated net profit declines 11% to ₹3,343 cr
  • Pakistan bans entry to parks, zoos as air pollution worsens
  • Indonesia’s Mount Lewotobi Laki Laki erupts for the second time in a week
  • Justice DY Chandrachud’s Final Message As Chief Justice Of India
  • Eknath Shinde’s Jibe After Team Thackeray Promises To Scrap Dharavi Project

Recent Comments

  1. dfb{{98991*97996}}xca on UP Teacher Who Asked Students To Slap Muslim Classmate
  2. "dfbzzzzzzzzbbbccccdddeeexca".replace("z","o") on UP Teacher Who Asked Students To Slap Muslim Classmate
  3. 1}}"}}'}}1%>"%>'%> on UP Teacher Who Asked Students To Slap Muslim Classmate
  4. bfg6520<s1﹥s2ʺs3ʹhjl6520 on UP Teacher Who Asked Students To Slap Muslim Classmate
  5. pHqghUme9356321 on UP Teacher Who Asked Students To Slap Muslim Classmate
  • PM Modi In J&K Ahead Of Assembly Polls Nation
  • Gazans Scour Ruins For Water World
  • Visa Issues Hit Inaugural MotoGP Race In India Sports
  • India, US Resolve Last Outstanding WTO Dispute Nation
  • Has AI passed the Turing test yet? | Explained Science
  • ‘Kemon Acho’ To ‘Kem Cho’, Gujarat Minister’s Unique Investment Pitch In Bengal Nation
  • Magnitude 6.3 earthquake strikes northwestern Afghanistan World
  • Indian-Origin Bar Owner Gets 13 Years In Jail For Raping Minor In Singapore World

Editor-in-Chief:
Mohammad Ariff,
MSW, MAJMC, BSW, DTL, CTS, CNM, CCR, CAL, RSL, ASOC.
editor@artifex.news

Associate Editors:
1. Zenellis R. Tuba,
zenelis@artifex.news
2. Haris Daniyel
daniyel@artifex.news

Photograher:
Rohan Das
rohan@artifex.news

Artifex.News offers Online Paid Internships to college students from India and Abroad. Interns will get a PRESS CARD and other online offers.
Send your CV (Subjectline: Paid Internship) to internship@artifex.news

Links:
Associate Journalism
About Us
Privacy Policy

News Links:
Breaking News
World
Nation
Sports
Business
Entertainment
Lifestyle

Registered Office:
72/A, Elliot Road, Kolkata - 700016
Tel: 033-22277777, 033-22172217
Email: office@artifex.news

Editorial Office / News Desk:
No. 13, Mezzanine Floor, Esplanade Metro Rail Station,
12 J. L. Nehru Road, Kolkata - 700069.
(Entry from Gate No. 5)
Tel: 033-46011099, 033-46046046
Email: editor@artifex.news

Copyright © 2023 Artifex.News Newsportal designed by Artifex Infotech.