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PM Modi links defence self reliance to $5 trillion economy target

PM inaugurates India's biggest ever DefExpo 2020

Narendra Modi
premium

Prime Minister Narendra Modi addresses Vijay Sankalp Rally in support of East Delhi candidates ahead of the upcoming Delhi Assembly polls. PTI

Virendra Singh Rawat Lucknow
Prime Minister Narendra Modi on Wednesday inaugurated India's largest ever Defence Expo 2020 in Lucknow and set the target of defence export worth $5 billion (Rs 35,000 crore) in the next five years.

Stressing on the need for India to attain self reliance in military requirements to face the present and future security challenges, Modi claimed unless the country controlled its massive defence import bill, the dream of becoming a $5 trillion economy could not be realised.

Addressing the gathering after inaugurating the mega show, he noted that post Independence India had failed to capitalise on its historical capabilities of indigenously producing