India focusing on promoting domestic defence production

Defence Minister Nirmala Sitharaman Wednesday said the Government was focusing on promoting domestic defence production to build capacities for catering to the need of the armed forces.

Sitharaman said at present there are several manufacturers who send their components to various big vectors and platforms manufactured outside

“Why is it that we won’t be able to produce those very vectors and platforms in India? And that is one of the reasons– that by announcing the corridor, we have invited quite a lot of manufacturers from abroad to come, choose the location where they want to establish their unit and start producing defence equipment,” she added.

Sitharaman,who was addressing the Tamil Nadu government’s second Global Investors’ Meet (GIM) here, recalled that holding of the Defence Expo last year in Tamil Nadu marked the first time the event was held in the state.

In this direction, Prime Minister Narendra Modi came up with the idea of two defence corridors–one each in Tamil Nadu and the other in Uttar Pradesh, she said.

Following that, a lot of industries evinced interest in undertaking defence related manufacturing in the state, she added.

She also assured the Centre’s full cooperation to realise Tamil Nadu’s aspirations for greater industrialisation.

CM Jakhar

A news enthusiast by hobby, CM is the founder of Prediction Junction. He is always passionate to dig into the latest in the world and has a natural way of depicting his analysis and thoughts. His main motive is to bring the true and recent piece on where the world is heading.

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