Calling for a multi-pronged approach to achieve the aim of ‘Make in India’, defence companies have huge opportunities in contributing to the domestic market in addition to exports, says the government.
The defence minister Rajnath Singh in his first major interaction, met with nearly 50 CEOs of the defence industry including representatives of foreign companies. The meet was aimed at addressing the concerns of the industry and to encourage both private industry investment in the defence sector and also strengthening defence PSUs and Ordnance Factory Board (OFB). There were representatives of companies including the US-based Lockheed Martin, Boeing Company, Tata Company, Bharat Forge, BEL, GRSE, Cyient among others were present.
Speaking at the ‘Make in India in Defence Industry Roundtable’ Ministry of Defence (MoD), the defence minister said that “the FDI policy in the defence the sector has been liberalised and that the Strategic Partnership (SP) Read More