Gandhinagar (Gujarat): Union Minister Rajnath Singh stated that there are major reforms in the nation’s defence industry under the Narendra Modi-led central government.
The Defence Minister said, “The Indian defence industry has been witnessing transformative changes for the last eight years through progressive reforms.”
The minister emphasised that the path to ‘Aatmanirbhar Bharat’ is a comprehensive set of policy frameworks. It seeks to build indigenous technological and production capacity with collaborations with Original Equipment Manufacturers (OEMs) from friendly nations.
He said, the idea is to manufacture in India for the Indian market as well as export to the friendly countries, i.e., ‘Make in India, Make for the World’.
At the event, the Union Minister invited US companies to set up manufacturing units in India and develop technology collaborations with Indian industries to create a global supply chain free from vulnerabilities and uncertainties.
“Through these linkages, India looks forward to collaborating for a secure and resilient global supply chain for the free world to ensure uninterrupted and reliable access to defence equipment and other strategic materials for our nation and our partners, including the US, he said”
“As India’s defence base grows, private sector companies from the US can explore the vast potential for ‘Creating in India’ and ‘Exporting from India’,” said Rajnath Singh.
He was addressing a seminar jointly organised by US-India Business Council (UIBC) and Society of Indian Defence Manufacturers (SIDM) as part of the 12th DefExpo in Gandhinagar, Gujarat on October 20, 2022.
The seminar was organised on the theme ‘New Frontiers in US-India Defence Cooperation: Next Generation Technology, Innovation & Make in India’.
