DefExpo 2020 Concludes With Over 200 Partnerships at Bandhan Ceremony

DefExpo 2020 Concludes With Over 200 Partnerships at Bandhan Ceremony

• The 11th edition of the biennial DefExpo 2020, concluded in Lucknow, Uttar Pradesh on 8 February 2020.
• The theme of the 11th Edition was “India: The Emerging Defence Manufacturing Hub”.
• More than 1,000 companies, including 165 offshore enterprises participated in the event.
• Over 200 partnerships involving Signing of Memorandum of Understanding (MoUs), Transfer of Technology (ToTs) , Product launches were concluded during a ceremony titled “Bandhan” at DefExpo 2020.
• Bandhan ceremony witnessed more than 13 product launches, 124 MoUs between Defence Public Sector Undertakings (DPSUs), private and global defence manufacturing companies.
• Of these, 23 MoUs were signed between the Uttar Pradesh Government and private companies, envisaging Rs 50,000 crores investment in the defence corridor setup in the state..
• All these MOUs signed at the mega event is a step in the direction to achieve Prime Minister’s $5 billion defence export target in the next five years.