Defence Minister Nirmala Sitharaman inaugurated the 12th biennial edition of International Aerospace and Defence Exhibition ‘Aero India 2019’ at Air Force Station Yelahanka, Bengaluru. For the first time, the 2019 edition of Aero India combines the defense and civil aviation segments into a holistic event with the co-involvement of the defense and civil aviation ministries.
The Government had accorded Acceptance of Necessity (AoN) to 164 proposals worth Rs 2,79,950 Cr under ‘Buy and Make” categories only to the Indian vendors. The ‘Defence Investor cell’ was set up in January 2018 to enhance the ‘Ease of Doing Business’ and over 350 industries had been facilitated till date.
The 12th edition of Aero India intends to be a “Runway to a billion opportunities” and put India on the Global map. A total of 61 aircraft are participating in the event, out of which 31 are flying. The total area of the show has grown from 27,678 sqm to 28,398 sqm this year. More than 600 Indian Companies and 200 Foreign Companies are participating in Aero India 2019, the largest Air show of Asia.
In the last four years, six companies in Defence and Aerospace sectors had obtained government approval for FDI of Rs 237 crore while FDI of over Rs 200 crore had been received through the automatic route. The iDEX scheme was launched on April 12, 2018, to create a network of Defence Innovation hubs throughout the country and to resolve Defence and Aerospace related issues.