India is one of the largest importers of the world in defence sector, says PM Modi

New Delhi: Prime Minister Narendra Modi addressed a webinar for consultation towards effective implementation of Union Budget provisions in the Defence Sector.

The Centre has made a list of 100 items for import embargo. It makes us ‘Aatmanirbhar’ as our manufacturing capability will improve, reliance on other countries will reduce & there’ll be jobs, said PM Modi on provisions for Defence sector in the Budget.

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We’ve century-old experience when it comes to making arms & ammunition. During WW I & II, India supplied arms & ammunition. But post-independence, situation deteriorated, even for small arms we are relying on small countries. Today we’re one of the largest defence importers: PM

The Centre has made a list of 100 items for import embargo. It makes us ‘Aatmanirbhar’ as our manufacturing capability will improve, reliance on other countries will reduce & there’ll be jobs: PM Modi on provisions for Defence sector in the Budget

India had age old experience in making arms, military equipment but after Independence this capability was not strengthened:PM in webinar

We’ve to build an image as a leading defence exporter globally and strengthen the image as well. India’s private sector must learn from DRDO’s experience in indigenous design and development. Rules and regulations must not hinder this and we’re quickly making reforms for the same.

Private sector will now be included at the beginning of projects now.

From 2014, we have tried to promote transparency, predictability & ease of doing business in the defence sector & have been walking ahead. We’ve also brought strong reforms such as de-licensing, de-regulation, promoted exports & foreign investment liberalisation for this sector.

India is one of the largest importers of the world in defence sector. At the beginning of COVID, India was not producing even one ventilator, but today, we produce a lot of ventilators. Thus, we have enough talent to create our own products.

The pre-condition to peace is power, and pre-condition to power is ability and pre-condition to ability is the right preparation.

India has centuries of experiences of making ammunition and millitary equipment. Prior to independence, we had a huge number of ordnance factories. In both World Wars, weapons made in India were sent over the world.

We’ve century-old experience when it comes to making arms & ammunition. During WW I & II, India supplied arms & ammunition. But post-independence, situation deteriorated, even for small arms we are relying on small countries. Today we’re one of the largest defence importers: PM

Ahead of PM Modi’s address, Rajnath Singh said the Union Budget for the year 2021-2022, stands out as a unique initiative of our government. It brings a healthy mix of promise, potential and progress. Its forward-looking agenda provides support for the defence and security of the country.

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GoI has brought many reforms in last 6 years. There is a clear focus of the government on ‘Ease of Doing Business’ to encourage foreign OEMs, to set up manufacturing units in India, develop joint ventures and promote private participation in defence sector, Defence Minister further said.

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