Aero components sector to double to Rs. 60,000 cr. by 2024
Description
News:
According to Defence Minister Rajnath Singh, the aero components sector in the country is set to double from Rs. 30,000 crore today to Rs. 60,000 crore by 2024.
128 Memorandums of Understanding (MoU), 19 Transfer of Technology (ToT), four handing overs, 18 product launches and 32 major announcements, totalling a grand figure of 201 feats have been finalized.
Further, of the 45 Micro, Small and Medium Enterprises (MSME) participating in Aero India, 21 have bagged orders worth Rs. 203 crore.
138 proposals worth over $37 billion for domestic manufacturing had been approved.
