Union Minister of State for Defence Subhash Bhamre announced that Nashik in Maharashtra will be the site of the country’s second defence innovation hub after Coimbatore in Tamil Nadu.
i. It was announced at a defence industry stakeholders meeting in Ojhar, Nashik.
ii. This is in line with the Defence Ministry’s target of making the country among the top five arms exporters by 2025.
iii. By that timeline, India aims to achieve annual arms exports of Rs 35,000 crore.