October 4, 2019 1:33 PM

printer

Rajnath Singh invites private sector for active participation in defence industry

Defence Minister Rajnath Singh today invited private sector for active participation in defence industry. Addressing India International Security Expo in New Delhi, the minister said India cannot remain dependent on imported weapons for long and that it does not align with the country's plans to become a superpower. He said, the target is to make a world class domestic defence industry worth 26 billion dollar by 2025.<br />''<span style="color: #222222;"><br />''The Minister said, the government is open to new ideas and committed to explore the participation of private sector and believes that system should be made industry friendly which paves the way for the growth of private defence production sector. He said, every citizen  should feel safe so that he or she can contribute to the inclusive growth of the country to make it a five trillion economy. He  said his ministry had taken many steps to boost MSMEs in the defence sector and liberalised industrial licensing.</span><br />

Most Read
View All arrow-right

No posts found.