ISO 9001:2015 Certified
closex Call Us 11-23320714, 23721504, ficci@ficci.com

 Upcoming Event
to forge a partnership on Technology Commercialization Initiative, FICCI-AMITY and IC2 Institute University

With collaborative, cooperative efforts we will achieve 'Make for World' in defence sector: Rajnath Singh 

News Live , Aug 27, 2020

With collaborative and cooperation efforts India will achieve not just ‘Make in India’ but also ‘Make for World’ in the defence sector, said Defence Minister Rajnath Singh here on Thursday.

Singh along with Chief of Defence Staff (CDS) General Bipin Rawat and others took part in the Defence Industry Outreach Webinar organised by Federation of Indian Chambers of Commerce and Industry (FICCI) and Defence Ministry.

“I am confident that through our collaborative and cooperative efforts, we will not only achieve ‘Make in India’ but also ‘Make for World’… We want to become self-reliant to contribute to the world in a better way. In this direction, some bold policy reforms have been taken like the ban on import of 101 defence items,” Singh said.

“This list is just a start, in the coming days it will result in approximately Rs 1.40 lakh crores of purchases domestically. The Defence Ministry has also for the first time released a draft of Defence Production and Export Promotion policy 2020,” he added.

According to Singh, the policy will work on “greater visibility” for upcoming opportunities so that the industries will get the demands of Armed Forces. He also asserted that the budget for procurement will be increased by 15 per cent per year.

The focus will be on exports, he said, adding that by 2025 the export target will be to achieve 25 per cent of revenue, which will be beneficial in achieving Rs 1,75,000 crore annual turnover target in the defence sector by the same year.

Singh and CDS Rawat, along with other officials, also released a booklet Department of Military Affairs, which encapsulates entire policy related to Atmanirbhar Bharat on defence during the webinar.

He also said a big part of the budget, Rs 52,000 crore in the current financial year, has been earmarked for purchases from domestic vendors and also spoke about the changes made in Defence Procurement Procedure, 2016 for helping the ‘Atmanirbhar Bharat’ cause.

Singh said efforts for becoming Atmanirbhar (self-reliant) had begun since Independence and highlighted the corporatisation of Ordnance Factory Board (OFB), setting up of defence corridors in Uttar Pradesh and Tamil Nadu, among others.

“We fully understand that investment in defence sector is different from others. The stakes are higher, the gestation period is longer and the technology used is cutting edge. Apart from these industries also face order and assurance issues. We have taken initiatives for them, we want our industries to compete in the global market and make our presence felt in new markets,” Singh said.

Rawat, speaking at the webinar, said the ministry “will reexamine defence requirements and prioritise those with indigenous research and development. Work towards corporatisation of Ordnance factories for a more efficient interface and integrate them into the layered defence ecosystem.”

“We have capability, capacity and will to produce high-end indigenous weapon systems. With government’s push in the right direction and vision of Atmanirbhar Bharat being promulgated, this is time to see this opportunity to achieve self-efficiency and becoming a net exporter of defence equipment,” Rawat added.

 

 

Also Read

Self-confidence in Indian defence sector key for a modern and Atmanirbhar Bharat: Prime Minister Narendra Modi

India's self-reliance in defence sector to boost its global standing: PM Narendra Modi     

GOI to permit up to 74% FDI in defence manufacturing through automatic route: PM Modi     

India's self-reliance in defence sector to boost global standing: PM Modi     

For achieving self-reliance in defence, focus on other sectors must: PSA     

In self-reliance push, PM Modi says govt aims to increase defence manufacturing     

With self-reliance push, India can 'Make for World' in defence sector: Rajnath Singh     

Highlights: PM Modi addresses defence industry outreach webinar     

Delhi Confidential: Surprise Speaker     

Atmanirbhar Bharat is for stable global order: PM Modi     

PM Modi pushes for defence manufacturing in India, says 'plan to give big role to private players'     

In 'Aatmanirbhar' push, PM Modi says Centre aims to increase defence manufacturing     

India's self-reliance in defence sector to boost its global standing: PM Modi     

Big push for 'Atmanirbhar Bharat' as India permits up to 74 per cent FDI in defence manufacturing     

Atmanirbhar Bharat: Bolstering the defence sector     

With collaborative, cooperative efforts we will achieve 'Make for World' in defence sector: Rajnath Singh     

PM Modi outlines efforts to achieve self-reliance in defence, stresses on self-confidence     

We aim to increase defence manufacturing in India: Narendra Modi     

For achieving Aatmanirbharata in defence, necessary to be self-reliant in other areas: PSA     

Atmanirbhar Bharat! PM Modi wants India to increase defence manufacturing     

Defence sector should focus on self-reliance and 'making for the world': Rajnath Singh     

Self-Confidence in defence sector important for Atmanirbhar Bharat: PM Modi     

Govt aims to increase defence manufacturing in India: PM Modi     

Atmanirbhar Bharat is for stable global order: Prime Minister     

'Atmanirbhar Bharat will boost global peace, economy’: PM Modi at Defence Industry Outreach Webinar     

India permits up to 74 per cent FDI in defence manufacturing, says Modi     

No greater satisfaction than winning a war with Made in India weapons: CDS on 'Atmanirbhar Bharat'     

Govt is committed to provide better defence manufacturing ecosystem: Modi     

Self-confidence in defence sector important for Atmanirbhar Bharat: PM Modi     

India to allow 74% FDI in defence: PM     

Atmanirbhar Bharat is for stable global order: Prime Minister Narendra Modi     

Atmanirbhar Bharat is for stable global order: Prime Minister     

'Atmanirbhar Bharat' will not only help India, but will also boost global economy: Narendra Modi     

"Big Breaking"; Boosting Up 'Atma Nirbhar Bharat' by permitting 74% FDI in Defence Manufacturing!!!!     

Atmanirbhar Bharat is for stable global order: Prime Minister     

Atmanirbhar Bharat is for stable global order: Prime Minister     

Atmanirbhar Bharat is for stable global order: Prime Minister     

Plan to give big role to private players, PM Modi pushes for defence manufacturing in India     

Highlights: PM Narendra Modi Addresses 'Atmanirbhar Bharat' Defence Business Outreach Webinar     

India should seek to become self-efficient, net exporter of defence equipment: CDS Rawat     

Modi's push for Atmanirbhar defence     

Self-reliance in defence sector to empower India's global position: PM Narendra Modi     

Level playing field for private sector in defence leads discussions at Defence Industry Outreach Webinar     

Want to achieve goal of 'Make for World' in defence sector: Rajnath Singh     

Self-confidence in defence sector important for Atmanirbhar Bharat: PM Modi     

PM Modi addressed Defence Industry Outreach Webinar: Self- confidence in defence sector important for Atmanirbhar Bharat     

Defence Minister Rajnath Singh highlights Atmanirbhar Bharat initiatives of MoD at Defence Industry Outreach Webinar     

Event:

 Atmanirbhar Bharat Defence Industry Outreach Webinar