 "India's second defence innovation hub to come up in Maharashtra's Nashik")
Nashik in Maharashtra will be the site of the country's second defence innovation hub after Coimbatore in Tamil Nadu, Union Minister of State for Defence Subhash Bhamre said.
He was speaking at a defence industry stakeholders meeting Thursday in Ojhar town here.
He said the defence innovation hub at Nashik will help local industries and entrepreneurs and further the Centre's Make in India push in the country's defence sector.
He informed the gathering the Ministry of Defence had set a target of making the country among the top five arms exporters by 2025.
By then, he added, the plan was to achieve annual arms exports of Rs 35,000 crore.
Among those who were present at the function were Maharashtra Water Resources Minister Girish Mahajan, Ajay Kumar, Secretary, Defence Production, Air Marshal VR Chaudhari and HAL chairman-managing director R Madhavan.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%