Raksha Mantri Shri Rajnath Singh chaired an Ambassadors’ Round Table conference on DefExpo 2020 and briefed them about the arrangements being made for DefExpo. Heads of Missions and Defence Attaches of over 80 countries participated in the conference. Urging the ambassadors to impress upon the captains of their respective defence industries to participate in DefExpo 2020, Raksha Mantri highlighted the Indian Government’s intent to achieve a turnover of USD 26 billion in aerospace and defence goods and services by 2025. Highlighting Government’s focus on creating a defence industrial base which is technically competitive, he listed out various policy reforms in critical areas, including simplifying industrial licensing process, hike in FDI cap to 49% under automatic route and beyond 49% under Government approval route, approval of Open General Export License policy and opening of testing and trial facilities for the private sector
