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Sitharaman pushes for ‘Make in India’ in defense sector

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New Delhi:┬áDefence Minister Nirmala Sitharaman on Saturday interacted with industry representatives from Indian as well as foreign companies in defense sector at a roundtable on “Energising Make in India”.

Sitharaman ordered officers to take time-bound action on key issues raised at the roundtable, including commercialization of technologies developed by the DRDO and timely conclusion of procurement proposals.

She also ordered them to take action for the resolution of licensing issue with the Home Ministry and tax-related matters with the Finance Ministry, a statement from the Defence Ministry said.

In the roundtable, a wide range of issues relating to private participation in defense manufacturing was discussed including matters relating to speeding up of procurement processes, a creation of a tiered defense industrial ecosystem and skilling of manpower in the MSME sector, it said.

The present government is fully committed to removing all the stumbling blocks and facilitating private participation in defense manufacturing with the objective of bringing high-value foreign investment into the defense sector, building indigenous capabilities and ensuring self-reliance in meeting the country’s defense needs, it added.
(IANS)

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