Left Menu
Development News Edition

Rajnath Singh exhorts defense firms to become part of Make in India

Raksha Mantri was speaking at a business seminar ‘India Rising’, organised by the Indian Chamber of Commerce at ‘Defence & Security Exhibition 2019’ in Bangkok, Thailand.

Rajnath Singh exhorts defense firms to become part of Make in India
Raksha Mantri listed out various initiatives taken by the Ministry of Defence (MoD) that led to a rapid increase in exports. Image Credit: Twitter(@rajnathsingh)

Raksha Mantri Shri Rajnath Singh today exhorted defense manufacturing companies to become part of 'Make in India', reaffirming the Government's commitment to achieving USD 26 billion defense industry by 2025. Raksha Mantri was speaking at a business seminar 'India Rising', organised by the Indian Chamber of Commerce at 'Defence & Security Exhibition 2019' in Bangkok, Thailand. He said the defense sector has been given prominence under the 'Make in India' initiative to reduce dependence on imports and make India a major defense manufacturing hub & net exporter of defense equipment and platforms.

Shri Rajnath Singh said, the Government has set a target of taking India's defense exports to USD five billion by 2025 under the 'Draft Defence Production Policy 2018'. "On one hand this target is ambitious, but at the same time it is encouraging that India's defense exports have grown almost six-fold in the last two years," he added. Shri Rajnath Singh said, USD 10 billion investment in aerospace and defense goods & services is expected by 2025 which could provide employment to 2-3 million people.

Raksha Mantri listed out various initiatives taken by the Ministry of Defence (MoD) that led to a rapid increase in exports. These include simplification of procedures for exports, simplification of industry licensing process, increase in Foreign Direct Investment (FDI) cap, streamlining of defense offset policy and making government trial and testing facilities available to the private sector. He added that the 'Defence Procurement Procedure' was revised in 2016 to encourage the domestic defense industry. A new category 'Buy Indian - IDDM (Indigenously Designed, Developed and Manufactured) was introduced to promote indigenous design and development of defense equipment.

"The government's desire to establish two defense corridors in Tamil Nadu & Uttar Pradesh is clear. A Defence Innovation Hub is already functioning in Coimbatore. A Defence Planning Committee has also been formed. In this regard, the Government of Uttar Pradesh has planned to build a defense manufacturing corridor along with the proposed Bundelkh and Expressway which will help in making India self-reliant in the field of defense production," Shri Rajnath Singh added.

Raksha Mantri also highlighted the Government has undertaken far-reaching reforms in the last five and a half years to increase synergy between the public and private sectors. It has contributed positively in defense production and procurement. He said work is on to introduce a common testing and certification scheme under a Public-Private Partnership model to create an enabling environment.

Shri Rajnath Singh voiced the Government's resolve to promote self-reliance in defense through five I's (Identification, Incubation, Innovation, Integration, and Indigenisation). He said MoD has set a target to fund 250 startups, 16 personal initiatives and five Defence Innovation Hubs through Defence Innovation Organisation (DIO) in the next five years. He hoped that at least 50 technological designs would be made to meet the requirements of the Armed Forces. A Defence Innovation Fund is also being prepared to support government participation through equity investment in defense startups.

"A new Transfer of Technology (ToT) policy is being created to simplify the way of transferring technology developed by DRDO to the industry. So far, more than 900 ToT licensing agreements have been signed with industries which is a major step towards making the defense manufacturing sector self-sufficient," Shri Rajnath Singh added.

Raksha Mantri invited domestic and overseas investors to actively participate in the forthcoming DefExpo to be held in Uttar Pradesh capital Lucknow from February 5-8, 2020.

(With Inputs from PIB)



JNU Administration's 100-meter challenge before JNUSU

For the first time in its history, Jawaharlal Nehru University JNU Administration is seeking permanent deployment of local police to keep protesting students at 100 meters away from the Administrative Block. It would be interesting to see h...

Sentiment Analysis of Twitter users during COP25: Governments losing trust on Climate Action

Sentiment analysis of Twitter users during COP25 in Madrid, being held from December 2-13, shows widespread fear on climate change due to global warming but almost no trust on governments in meeting the emission targets. In the analysis the...

These innovators are making humanitarian response more efficient

These alarming trends prompt a call for the world to not only address the ongoing crisis but also to adopt innovative approaches to fulfill the growing humanitarian needs in such emergencies. ...

Hyderabad Encounter: A sentiment analysis of public mood on day of encounter

Sentiment analysis of twitter users revealed that they showered salutes on Hyderabad police for eliminating alleged gang rapists of the veterinary doctor but only a few believe in cops version of successive events leading to encounter....


Latest News

6 Baloch militants arrested from Pakistan's Sindh province

Six militants from the banned separatist group Balochistan Republican Army were arrested after the security forces raided their hideout in Pakistans Sindh province on Sunday, officials said. The militants were hiding in a forested area in B...

Militants kill 22 in eastern Congo despite claims of security progress

Suspected Islamist militiamen killed at least 22 people overnight in the eastern Democratic Republic of Congo, authorities said on Sunday, as the rebels kept up attacks on civilians despite government claims to have them on the defensive. S...

Bulls' front office says Boylen's job is safe

Chicago Bulls executive John Paxson gave a vote of confidence to embattled coach Jim Boylen in a rare interview with reporters this weekend. Boylen has drawn scrutiny for the Bulls 10-18 start to the season, which has included multiple four...

Lebanon's Hariri may be named PM but faces struggle to form government

Saad al-Hariri is expected to be named Lebanons prime minister on Monday, but political rifts look set to hinder agreement on a new government badly needed to rescue the country from a dire economic crisis. Hariri, a Western ally and the le...

Give Feedback