In The Area Of Defence, India Is Currently In A Transitional Era: Rajnath Singh

According to Rajnath Singh, India’s defence minister, the country is moving toward greater self-reliance.
Singh advised senior defence PSU executives to collaborate in order to make their organisations among the finest in the world.

At a gathering, Singh stated that the defence ministry has set a goal of producing 1.75 lakh crores of defence goods by 2025, including 35,000 crores for export.

In a first-of-its-kind workshop held in New Delhi on July 13, 2022, Singh was speaking to the Chairman and Managing Directors (CMDs) and Non-Official Directors (NODs) of Defense Public Sector Undertakings (DPSUs).

He urged chairman and managing directors and non-official directors to collaborate in order to ensure that their companies rank among the best in the world in a variety of fields. He exuded confidence that the defence public sector undertakings (PSUs) will play a major role in achieving this goal with a contribution of 70–80 percent.

Singh outlined a number of steps the defence ministry has made to boost self-reliance, such as streamlining the acquisition of defence platforms and equipment through Defense Acquisition Procedure 2020 and raising the FDI cap to 74% under the automated route and 100% via the government route.

Singh urged the creation of a roadmap that would enable 20 Indian defence manufacturing companies to rank among the top 100 defence corporations globally by the year 2047.