Arun Jaitley hints at incentives for local manufacturing in defence


Defence Minister Arun Jaitley has hinted that incentives are being worked out to encourage domestic manufacturing in the defence sector so as to cut imports of combat planes, ships and submarines.

In an interview to PTI, he said the government is working on a policy that will incentivise companies to set up manufacturing bases in India.

“We have so far liberalised our rules as far as investment is concerned… our companies, both defence PSUs and private sector companies have already started entering into arrangements with international majors with the object of establishment of manufacturing units in India,” he said.  Read More…

 

Credit By: The Economic Times

 

You may also read!

Northern Army Commander Reviews Security Situation Along LoC

Northern Army Commander Lt Gen D Anbu on Saturday visited north Kashmir to review prevailing security situation along the Line

Read More...

Multi-Agency Exercise Pralay Sahayam Held

A multi-agency exercise was conducted on the banks of Hussain Sagar Lake as the final event of Pralay Sahayam

Read More...

Jim Mattis To Visit India, Meet PM Modi Next Week

US Defence Secretary Jim Mattis will visit India and hold talks with Prime Minister Narendra Modi and his Indian

Read More...

Leave a reply:

Your email address will not be published.

Mobile Sliding Menu