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PM PITCHES FOR BOOST TO DEFENCE EXPORTS

Why in news?

  • India became the world’s largest arms importer as it did not utilize its capacities to full potential after Independence, Prime Minister Narendra Modi stated
  • He asserted that India was looking to achieve defence exports worth  ₹35,000 crore in the next five years
  • A long-term integrated defence plan was being conceptualized with emphasis on start­ups and Micro, Medium and Small Enterprises (MSMEs). Two hundred defence start­ups were likely to come up to give a push to indigenisation  



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