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National News

Nov 11, 2019

Defence Minister Rajnath Singh says PM has set target of five trillion dollar economy by 2024

Defence Minister Rajnath Singh today said Prime Minister has set a target of five trillion dollar economy by 2024. Speaking at the Def-Connect organized to showcase accomplishments of innovations for Defence excellence in New Delhi, Mr Singh said that with the talent the country has, India will become a 10 trillion dollar economy within 10 to 15 years. He added that he feels a sense of pride looking at the Start-Ups today and stressed that passionate incubation is needed for start-ups.

The Minister claimed that India will excel in defence innovation in the coming years.

The conference aims to bring together all stakeholders of the Innovations for Defence Excellence (iDEX) ecosystem, Ministry of Defence,  iDEX selected start-ups, Partner Incubators, Defence Innovation Organisation, Nodal agencies (Indian Army, Navy, Airforce), Defence Research and Development Organization and Defence Public Sector Undertakings and  Indian Ordnance Factories.

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