Wednesday, August 17th, 2022 16:45:04

Motto of Atma Nirbhar Bharat Abhiyaan is to Make in India and Make for World, says Defence Minister Rajnath Singh

Updated: June 9, 2021 3:30 pm

Defence Minister Rajnath Singh today said several procedural reforms undertaken by the Government, have transformed the defence industry to meet domestic as well as global demand. Addressing a webinar on India-Sweden Defence Industry cooperation, Mr Singh said the motto of Aatma Nirbhar Bharat Abhiyaan is Make in India and Make for the World. He said, the campaign envisages the defence sector to play a major role in India’s economic growth and focuses on manufacturing cost-effective quality products for India and for the world.

On the Defence Acquisition Procedure (DAP) 2020, the minister said it encourages domestic manufacturing and has provided a strong foundation for India to emerge as the defence manufacturing hub. He highlighted that policy decisions such as FDI liberalisation and improved ease of doing businesses are attracting top defence companies of the world and have Joint Ventures establishments in India.
He invited Swedish firms to invest in Defence Corridors in Uttar Pradesh and Tamil Nadu, saying that they can benefit from the unique incentives being offered by the state governments and the availability of a highly-skilled workforce in India. Stressing that there is a huge potential for more India-Sweden partnerships, he highlighted the strong capabilities of Indian defence industry in various fields and their willingness to collaborate with Swedish companies for co-development and co-production in areas of mutual interest.

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