Defence manufacturing exhibition "Defexpo", to be inaugurated by Prime Minister Narendra Modi on April 12, has seen a significant dip in the number of foreign companies joining the event, officials said on Wednesday.
However, the total exhibition area and the number of Indian companies participating in the event have gone up.
According to Defence Production Secretary Ajay Kumar, there are 154 foreign companies participating in the Defexpo this year.
The Secretary said the drop in number of foreign companies participating was around 10 per cent compared to last expo.
An official statement issued ahead of the last Defexpo held in Goa in 2016 had said that 490 foreign companies took part in the exhibition.
This year, 523 Indian companies will participate in the event, up from 510 in 2016.
Overall in 2016, the Defence Ministry had announced participation of around a thousand Indian and foreign companies. Compared to that, the total number of participants this year has slipped to 677.
The exhibition would be spread over 290,000 square feet area and would also have a live demonstration area.
Among the exhibitors this year, around 72 per cent are Indian firms, and about 20 per cent of the area is covered by mediums small and micro enterprises (MSME), the Secretary said.
This year, for the first time, the Indian naval warships will be exhibited for the public.
Kumar said warships will be anchored at the Chennai harbour on April 13-14. Entry would be free for general public.
--IANS
ao/nir/mr
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
RECOMMENDED FOR YOU