Aero India 2021 To Be Held From 3rd Feb In Bengaluru
The Department of Defence Production announced that the 13th edition of Aero India, will be held at the Air Force Station, Yelahanka, from February 3 to 7. However, no other details were divulged.
While several global events have been put off indefinitely, the announcement of the dates and venue of Aero India has brought much cheer for Bengaluru, especially since there was much speculation last year that the premier event may be moved to Lucknow, Uttar Pradesh.
The announcement indicates the resolve of the MoD. Defence Minister Rajnath Singh on Tuesday had reviewed the functioning of the Ministtry and said “Defence Public sector undertaking and private defence industry could play a major role in the economic revival”.
In the last Aero-India (2019) more than 440 companies participated, of which 240-odd were Indian. For the first time, 45 French firms had comprised the largest foreign representation, many of them hoping to forge industrial partnerships.
India is a big market for weapons and planes. This financial year New Delhi has set aside Rs 1,13,626 crore (approximately $15 billion) for capital allocation used for purchase of new weapons, aircraft, warships and other military hardware like guns and new UAVs.
In the past five fiscals, India has been spending anything up to $11 to $13 billion annually on capital acquisitions – defined by the amount of money and are met through what is ‘capital head’ of the budget.
Just two days ago India emerged as the third largest Military spender after US and China. The Swedish think-tank Stockholm International Peace Research Institute (SIPRI) in report titled ‘Trends in world military expenditure, 2019’, said: “India spent $71.1 billion on defence in 2019 which was 2.4 per cent of its gross domestic product (GDP).”
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