Addressing the seminar, Prannoy Verma highlighted the progress made by the Indian defense industry in the last decade driven by Prime Minister Narendra Modi’s vision of “Make in India” and “Make for the World”, which has led to unprecedented investment in Indian defense manufacturing. Has promoted. sector and this has led to increase in Indian defense exports.
He described SIDE 2024 as a reflection of the Indian defense industry’s interest in partnering with Bangladesh and taking Bangladesh-India defense cooperation to the next level, in line with the US$ 500 million Defense Line of Credit extended by the Government of India to the Government of India. Usage is also included. Bangladesh.