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GS-III : Economic Issues Defense industry

18 October, 2022
5 Min Read

DefExpo-2022

In Gandhinagar, Gujarat, the 12th edition of DefExpo 2022 is being conducted.
DefExpo's 11th iteration took place in Lucknow, Uttar Pradesh, in 2020.

Define DefExpo 2022.

The Ministry of Defence's flagship biennial event, DefExpo, showcases land, marine, aviation, and homeland security technologies.
It is being hosted in a groundbreaking four-venue format that aims to engage the public and motivate people to work in the aerospace and defence manufacturing industry in order to fulfil the concept of "Aatmanirbharta" in the military.
The objective is to demonstrate the strength of the indigenous defence sector, which is currently driving the government's and the country's will to "Make in India, Make for the World."
It is the first edition made just for Indian businesses.

Theme: Path to Pride.

Key Occasions:

It will host the second round of the India-Africa Defence Dialogue (IADD), to which 53 African nations have been invited.
The IADD will look into new areas of convergence for mutual involvement, including counterterrorism, cyber security, training, and capacity building.
The Kampala Principles serve as the foundation for India's policy toward Africa.
India will present its military equipment to several nations in a separate Indian Ocean Region Plus (IOR+) conference that will include participation from over 40 countries.
The anniversary of the creation of the seven new defence enterprises, which were created from the former ordnance factories, will also be celebrated.
These businesses will all be attending DefExpo for the first time.

What changes would the Atmanirbhar Bharat Abhiyan bring about in the defence sector?

Changes to the FDI Limit: The FDI limit under the automated route for producing defence products has been increased from 49% to 74%.
By establishing a Project Management Unit (PMU), the government hopes to start time-bound defence procurement and quicker decision-making (for contract management purposes).
Reduced Defense Imports: The government will publish a list of weapons and systems that are prohibited from import and can only be obtained on the domestic market.

Source: PIB

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DefExpo-2022

DefExpo-2022

Define DefExpo 2022.

Theme: Path to Pride.

What changes would the Atmanirbhar Bharat Abhiyan bring about in the defence sector?

Pradhan Mantri Suryodaya Yojana

Foreign Contribution Regulation Act (FCRA)- NGO

Voice clone-AI

Science communication- how to promote

Universal Basic Income (UBI)- Analysis

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