- India is moving forward with the mantra of ‘Make in India, Make for the Globe’: Modi
- The defence corridors being developed in Uttar Pradesh and Tamil Nadu will immensely help in scaling-up this sector: PM
- Growth momentum of India has been maintained despite pandemic, war and supply-chain disruptions: Modi
- We aim to scale our defense manufacturing beyond $25 billion by 2025. Our defense exports will also exceed $5 billion: PM
NE BUSINESS BUREAU
VADODARA, OCT 30
To boost ‘Make in India, Make for the Globe’ initiative, Prime Minister Narendra Modi laid the foundation stone of the C-295 Aircraft Manufacturing Facility in Vadodara, on Sunday. He also visited an exhibition showcasing technological and manufacturing strides in the aerospace industry under ‘Aatmanirbhar Bharat.’
The new manufacturing facility is a major milestone in the journey of #AatmanirbhartainDefence. C-295 aircraft will bolster logistical capability of #IAF: Raksha Mantri Shri @rajnathsingh. (3/3)#IAFTransportAircraft#HarKaamDeshKeNaam#AatmanirbharBharat#NayeBharatKiNayiUdaan pic.twitter.com/kdDh7HdsE6
— A. Bharat Bhushan Babu (@SpokespersonMoD) October 30, 2022
Addressing the gathering, the Prime Minister said that today we have taken a big step in the direction of making India the manufacturing hub of the world. He said India is making fighter jets, tanks, submarines, medicines, vaccines, electronic gadgets, mobile phones and cars that are popular in many countries. The Prime Minister remarked that India is moving forward with the mantra of ‘Make in India, Make for the Globe’ and now India is becoming a huge manufacturer of transport aircraft in the world. The Prime Minister stated that he can foresee that India will soon be manufacturing big passenger aircraft that will proudly bear the words ‘Made in India’.
#AatmanirbharBharat#iaftransportaircraft#game changer for #IAF & #Aatmanirbharta in #Defence – Tata & @AirbusDefence to manufacture C-295MW transport #aircraft in #India
What makes the aircraft special ?
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@makeinindia
@TwitterIndia @Airbus @TataCompanies @ANI pic.twitter.com/yqveGOqD98— PRO Defence Gujarat (@DefencePRO_Guj) October 29, 2022
He said that the facility for which the foundation stone was laid today, has the power to transform the country’s defence and transport sector. He pointed out that it is for the first time that this big investment is taking place in the Indian Defence sector. Transport aircraft, manufactured here will not only give strength to the armed forces but it will help in developing a new ecosystem of aircraft manufacturing.
Aircraft manufacturing facility in Vadodara is India's giant leap towards becoming self-reliant in aviation sector. https://t.co/0IL0aIS68r
— Narendra Modi (@narendramodi) October 30, 2022
“Vadodara which is famous as a cultural and education center, will develop a new identity as an aviation sector hub”, he said. The Prime Minister expressed happiness about the fact that more than 100 MEMEs are also associated with the project. He said that the promise of ‘Make in India, Make for the Globe’ will gain new push from this land as the project will be able to take orders for export to other countries in the future.
Highlighting the investment friendly policies of the government, the Prime Minister remarked that its benefits are clearly visible in FDI. “In the last eight years” he said, “companies from more than 160 countries have invested in India.” He further elaborated that such foreign investments are not limited to certain industries but spreads across 61 sectors of the economy and covers 31 states of India. The Prime Minister informed that more than $3 billion has been invested in the aerospace sector alone. The Prime Minister noted that post 2014, investment in this sector grew 5 times of what was invested during the year 2000 to 2014. Modi highlighted that in the coming years, the defence and aerospace sectors are going to be the crucial pillars of the Atmanirbhar Bharat campaign. “We aim to scale our defence manufacturing beyond $25 billion by 2025. Our defence exports will also exceed $5 billion” he added.
The Prime Minister pointed out that the defence corridors being developed in Uttar Pradesh and Tamil Nadu will immensely help in scaling-up this sector. Modi also praised the Defence Ministry and the Government of Gujarat for organising the biggest ever Def-expo in Gandhinagar. He underlined that all the equipment and technologies displayed in the Def-expo were made in India. “The reflection of Project C-295 will also be visible to us in the Def-expo of the coming years”, the Prime Minister added.
In concluding the address, the Prime Minister urged all those associated with the industry to make the most out of the unprecedented investment confidence in the country at the moment. He further added that more thought must be given to helping the start-ups of the country in moving forward. The Prime Minister also stressed on increased participation of the private sector in the field of research. “If we push in this direction, then we will be able to develop a more strong ecosystem of innovation and manufacturing. You always have to remember the mantra of Sabka Prayas”, the Prime Minister concluded.
Chief Minister of Gujarat Bhupendra Patel, Governor of Gujarat Achara Devvrat, Union Minister of Defence Rajnath Singh, Union Minister of Civil Aviation Jyotiraditya Scindia, Chairman of Tata Sons N Chandrasekaran and Chief Commercial Officer of Airbus Christian Scherer were those present on occasion.
