Home  /  Daily Current Affairs  /  26-10-2021 / DefExpo 2022

DefExpo 2022

Posted on October 26, 2021 by admin1  56

In News 

  • Recently, the Minister of Defence chaired the Ambassadors’ Round Table for DefExpo 2022, in New Delhi. 
    • The Round Table was aimed to brief the Ambassadors of foreign missions about the planning, arrangements and other details of DefExpo 2022.

DefExpo 2022

  • About:
    • It is a flagship biennial event of the Ministry of Defence, Government of India.
    • It will be held in Gandhinagar, Gujarat between March 10-13, 2022.
  • Aims and objectives:
    • To achieve self-reliance in defence & increase exports.
    • To make India a major destination of land, naval, air & homeland security systems and defence engineering.
    • To build upon the vision to achieve ‘Atma Nirbharta’ in defence and reach USD five billion defence exports target by 2024. 
    • It will bring all the latest technologies under one roof and provide a myriad of opportunities to the stakeholders in the aerospace & defence industry.
  • Achievements: 
    • Defence exports have grown by 334% in the last five years and now India is exporting to more than 75 countries. 
    • In February 2021, India was the first country to conduct a hybrid aerospace exhibition, Aero India-2021 at Bengaluru, in compliance with strict COVID-19 protocols. 
      • The event, under the aegis of the Department of Defence Production, Ministry of Defence, had witnessed tremendous global response.

Other initiatives 

  •  The government increased defence capital outlay in the annual budget of 2021-22 by 18.75 % from the preceding year, which is the highest ever increment in the last 15 years. 
  • Other policy reforms include: 
    • Simplifying the industrial licensing process
    • Allowing 74% Foreign Direct Investment through automatic route and 100% with Government approvals for Critical technologies
    • Introduction of Open General Export License policy
    • Positive indigenisation lists of 209 items
    • Launch of seven new Defence companies and opening up of testing & trial facilities for the private sector etc. 

Source: PIB

 
Previous article Prime Minister Atmanirbhar Swasth Bharat Yojana
Next article Non-Fungible Token

Other News of the Day

In News  Recently, the Actor Rajinikanth has conferred the Dadasaheb Phalke Award at a National Film Awards ceremony by the Vice-President of India. About Dada Phalke Award Beginning: The Government of India started it in 1969 to commemorate Dadasaheb Phalke, known as the 'Father of Indian Cinema'. He made India's first full-length feature film Raja...
Read More

In News Museum scientists from Indonesia and Germany have just discovered 28 new species of beetles, all belonging to the weevil genus Trigonopterus. One of them has been named Trigonopterus corona.  About  The naming reflects the large impact of the Covid-19 pandemic on this project, Pensoft Publishers, which brings out the journal. Image Courtesy: IE...
Read More

In News  India saw the birth of its first IVF calf of a Buffalo breed namely Banni in Gujarat's Kutch region. The process was carried out to enhance the number of genetically superior buffaloes to increase milk production. Key Points: Banni Buffalo This breed of buffaloes is usually bred and preserved by a local community...
Read More

In Context The Union Minister for Education and Skill Development inaugurated phase-II of the Mahatma Gandhi National Fellowship.  Mahatma Gandhi National Fellowship Launched on a pilot basis in 2019, across 75 districts in Gujarat, Karnataka, Meghalaya, Rajasthan, Uttar Pradesh and Uttarakhand. It is a two-year-long fellowship conceived to create opportunities for young, dynamic individuals to...
Read More

In Context Recently, the UN celebrated its 76th anniversary on 24 October 2021. The day is being celebrated since 1948. United Nations Background: The UN was formed following the devastating World War II, with the aim of preventing future global-scale conflicts. The precursor to the United Nations was the League of Nations, which was established...
Read More

In News China’s legislature has adopted a new border law, to take effect on January 1. It calls on the state and military to safeguard the territory and ‘combat any acts’ that undermine China’s territorial claims. About the New Border law The law was first proposed in March 2022 after a year of tensions that...
Read More

In News PM Launched Ayushman Bharat Health Infrastructure Mission, also called PM Atmanirbhar Swasth Bharat Yojana. About the Scheme Aim: To strengthen India’s critical healthcare network in both urban and rural areas. Establish an IT-enabled disease surveillance system through a network of laboratories at block, district, regional and national levels. Labs will be connected through...
Read More

In News  Recently, the National Steering Committee (NSC) for implementation of the NIPUN Bharat Mission has been constituted under the chairmanship of the Union Education Minister. About the roles and responsibilities of the NSC To oversee the progress of the National Mission on Foundational Literacy and Numeracy and provide guidance on policy issues. To arrive...
Read More

In News  Recently, the Supreme Court directed the Supervisory Committee to take an immediate and firm decision on the maximum water level that can be maintained at Mullaperiyar dam amidst torrential rains in Kerala. Background  The SC was hearing a petition that raised concern over the water level in Mullaperiyar Dam. In the past, the...
Read More

In News The Queen Heo Hwang-ok Memorial Park will be inaugurated in Ayodhya, Uttar Pradesh.  About It is named after a Korean queen believed to have had Indian roots. It lies on the banks of the River Sarayu in Ayodhya. It has acres of green space, mostly known as Ram Katha Park. Who was Queen...
Read More