Raksha Mantri Shri Rajnath Singh Urges Industry cooperation to take Indian defence sector to new heights.

Government Steps to Improve Defence Industry manufacturing eco system are showing results: RM.

Striking an optimistic note, Raksha Mantri said that Indian defence industry is progressing steadily  in partnership with private sector.”There was either no way for the private sector in the past  to enter the defence sector, and even if there was some scope, the industry was not ready to set foot in the defence sector due to various reasons”. These reasons were lack of political will, appropriate policy to incentivize their entry, high investment and long gestation period.  

Raksha Mantri noted that the government has removed these bottlenecks and played the role of an incubator, catalyst, consumer and facilitator in the case of private industry. Several steps have been taken by the Ministry of Defence, under the 'Make in India' and 'Self-reliant India' initiatives of the Government, to change the old traditions, and to create a manufacturing climate, in which the public and private sectors could participate.

Elaborating upon the far-reaching reforms undertaken by the MOD to bolster the private sector participation in defence sector, Raksha Mantri said that Government labs opened to the private industry, transferred technology at zero fee, provided access to test facilities, and upfront funding through DRDO was provisioned.

The Ministry of Defence has issued 3 positive indigenization lists of 309 items  which will be procured from domestic vendors as per norms. Three lists have also been issued by Defence Public Sector Undertakings (DPSU), in which more than 3700 are Line Replacement Units, Sub-systems and other Components. In addition, an iDEX initiative has been launched to encourage innovators and start-ups.  The policy decision has been taken to increase the limit of FDI to 74% by the automatic route, and to 100% by the government route in special cases. Government has taken several steps like introduction of defence industrial corridors-- two Industrial corridors have been set up each in Uttar Pradesh and Tamil Nadu, corporatization of OFB which creates win-win situation for armed forces, industry, start-ups and innovators, said Raksha Mantri.

 

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