Union Budget 2021: Developments around LAC, LOC warrant hike in allocation in defence outlay Due to the major developments in the situation around LAC and LOC in the past year, the defence budget for 2021 is expected to go up. Col KV Kuber January 27, 2021 09:11:26 IST File image of LCA Tejas. Image credits: HAL website/ANI
Year 2020 saw a remarkable beginning with the 11th edition of Defence Expo at Lucknow from 5-8 February 2020. Over 200 partnerships involving the signing of memorandum of understandings (MoUs), transfer of technology and product launches took place on the third day of DefExpo-2020 at a ceremony called Bandhan.
Among those MoUs signed, 23 of them were by Uttar Pradesh government. The Bandhan ceremony witnessed more than 13 product launches, 124 MoUs between DPSUs, private and global defence manufacturing companies.