DefencePolicy & Govt

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

Story Highlights
  • 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.
  • 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.

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.

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