October 28, 2020 9:01 PM

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Centre looks forward to double number of Defence MSME's in next four to five years: Defence Secretary

Defence Secretary Ajay Kumar  said the Union Government is looking forward to doubling the number of Defence MSME's in the next four to five years.<br />''<br />''In a virtual event, he launched the Coimbatore District Defence Innovation and Atal Incubation Centre established by the district small industries association.<br />''<br />''This is part of the second defence corridor project that had been inaugurated by former  Defence Minister Smt Nirmala Seetharaman in January, 2019 .<br />''<br />''The defence corridor project aims at increasing the proportion of Make in India products in defence sector.<br />''<br />''The second Defence Industrial Corridor, connecting Chennai, Hosur, Salem, Coimbatore and Trichy is expected to attract investments worth 3,123 crore rupees, according to Ministry of Defence officials.<br />''<br />'' In his address, he said the small and medium industry is at a watershed moment due to changes in technology including in the automobile sector.<br />''<br />''He suggested major small industries hubs like Coimbatore to concentrate more on defence production, as the auto industry is turning towards e-vehicles, leaving the conventional auto ancillary units losing their relevance.<br />''<br />''He also said the original equipment manufacturers in countries like the US are showing keen interest in sourcing systems and subsystems from India.<br />''<br />''The Mission Director of the NITI Ayog's Atal Innovation Mission Ramanan Ramanathan said technology is reshaping the world, which is easily accessible to all at affordable costs.<br />''<br />''<span style="color: #222222;">He asked all to reimagine new, resurgent Atma Nirbhar Bharat.</span><br />

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