New Delhi: Defence Minister Rajnath Singh has already held a number of internal meetings including one on Friday on hosting of the mega event in its traditional venue of Yelahanka Air Force station on the outskirts of Bengaluru.
"It was decided that the event will be hosted while taking maximum precaution against the coronavirus pandemic," said a source. Since its inception in 1996, Bengaluru has been hosting the event.
In the event, the government will showcase India as an attractive destination for investment in the defence manufacturing sector besides highlighting series of initiatives it has taken to promote the domestic industry, the sources said.
A number of global defence majors and big investors are expected to participate in the event besides official delegations from several countries, they said. Several leading aerospace companies have already offered to set up manufacturing bases in India provided they get big-ticket contracts.
US aerospace giant Lockheed Martin has already said that it will not sell its newly rolled out F-21 fighter jet to any other country if India places an order for 114 planes. Another aviation major Boeing too has announced that it is ready to set up manufacturing facilities for its F/A-18 Super Hornet aircraft if it bags the IAF contract. It will be the first major global defence event in India after the country unveiled a series of measures like pruning of the import list of weapons systems and increasing the FDI limit from 49 per cent to 74 per cent in defence sector under the automatic route.
28/08/20 Simran Kashyap/One India
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"It was decided that the event will be hosted while taking maximum precaution against the coronavirus pandemic," said a source. Since its inception in 1996, Bengaluru has been hosting the event.
In the event, the government will showcase India as an attractive destination for investment in the defence manufacturing sector besides highlighting series of initiatives it has taken to promote the domestic industry, the sources said.
A number of global defence majors and big investors are expected to participate in the event besides official delegations from several countries, they said. Several leading aerospace companies have already offered to set up manufacturing bases in India provided they get big-ticket contracts.
US aerospace giant Lockheed Martin has already said that it will not sell its newly rolled out F-21 fighter jet to any other country if India places an order for 114 planes. Another aviation major Boeing too has announced that it is ready to set up manufacturing facilities for its F/A-18 Super Hornet aircraft if it bags the IAF contract. It will be the first major global defence event in India after the country unveiled a series of measures like pruning of the import list of weapons systems and increasing the FDI limit from 49 per cent to 74 per cent in defence sector under the automatic route.
28/08/20 Simran Kashyap/One India
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