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- Defense Industry Outreach Webinar Narendra Modi Said Self Confidence In The Defense Sector Is Very Important For Making An Atmanirbhar Bharat
new Delhi5 minutes ago
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Modi said- The seminar being held today will give impetus to self-reliance efforts.
- PM Modi said – Self-reliant India needs confidence in defense sector
- He said that steps should be taken to improve licensing process, simplification of export process.
Prime Minister Narendra Modi attended an event to make India self-reliant in the defense sector through video conference. During this, he said that the aim of his government is to increase defense manufacturing. Our aim is to develop new technology in India. Private sector should be promoted in this sector.
In the self-sufficient India Defense Industry Outreach Webinar, the PM said that many steps have been taken for this, such as improvement in licensing process, preparation of level playing field, simplification of export process, improvement in provisions of Obset.
He said – confidence in the defense sector is very important for self-reliance. India has been one of the largest defense importers for many years. When the country gained independence, there was a huge potential for defense manufacturing here. It had an established ecosystem for over 100 years. Unfortunately, this topic was ignored.
74% FDI in defense sector
Modi said that for the first time, 74% FDI (Foreign Direct Investment) route is being opened in the defense sector through the automatic route. There was a need to appoint a Chief of Defense Staff for a long time, but this could not be decided. This decision symbolizes the confidence of a newly self-sufficient India.
Defense Minister also diligently engaged in this work
PM said that I am happy that Defense Minister Rajnath Singh is fully engaged in mission mode for this task. Due to his efforts, good results are sure to be found. We also saw recent labor reforms, reform practice will no longer stop. Our results of self-reliance in the field of defense production will surely gain, due to the results that will be obtained from this churn happening here today.
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