Aspiring for greater defence manufacturing within the country under the ambitious ‘Make in India’ initiative, Defence Minister Nirmala Sitharaman today said that the government encourages private investment in the sector and that there are vast opportunities in the field.
Speaking at an event here, the Minister assured that there won’t be any kind of restriction on manufacturing from the government’s end.
“I encourage the private sector to come in the defence sector because of the agility they have shown,” she said, noting that “they have identified the opportunity that exists in this area”.
“We prefer the Indian Designed & Developed Manufactured (IDDM) as the first priority. We have not excluded licensed manufacturing. There is going to be no restriction on any kind of manufacturing,” the Defence Minister added.
In total, she informed, there are total of 37 Defence licensing companies holding industrial licenses for manufacturing of arms, ammunition and explosives. Read More…