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Record breaking number of MOUs and agreements were signed at the at the conclusion of business days at the on-going DefExpo 2022 at Gandhinagar on 20th of October 2022.
According to an official release issued by the Ministry of Defence, out of the 451, there were 345 MoUs, 42 Major Announcements, 46 Product Launches and 18 ToTs.
The contribution of Gujarat was 28 MoUs and one Product Launch. It envisages investment worth Rs 1.5 lakh crore. Indian Air Force and Hindustan Aeronautics Limited concluded a contract for 70 HTT-40 indigenous trainer aircraft worth Rs 6,800 crore.
In his address at the ceremony, which culminated with three business days of DefExpo, the Defence Minister Rajnath Singh asserted that the 12th edition of the event has written a new chapter on the growth & prowess of the Indian defence sector.
He termed it as the beginning of a new era of self-reliance, in which a strong and prosperous ‘New India’ is fully ready to stand shoulder-to-shoulder with major world powers. The grand success of the event is proof that India is well on course to become a global defence manufacturing hub in the times to come.
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