Over 200 business deals materialize at DefExpo, 2020

Lucknow: Over 200 partnerships involving the signing of MoUs, transfer of technology and product launches took place on the third day of DefExpo-2020 at a ceremony titled Bandhan.

The pacts, aimed at forging and renewing partnerships for innovative collaboration and transformation of defence manufacturing in the country, were inked by representatives of various defence PSUs, Indian private and foreign companies.

Union Defence Minister Rajnath Singh termed the signing of MoUs as a step in the direction to achieve Prime Minister’s $5 billion defence export target in the next 5 years.

“The Defence PSUs and Indian defence private industry were better placed today to lead India as the emerging research and development hub of the world leveraging the sharp minds of Indian youth,” Singh said. (IANS)

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