Wednesday, July 2, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Banking & Finance

Policy reforms provide opportunities for MSMEs

Fiinews by Fiinews
April 30, 2018
in Banking & Finance, Contract, Economy, Industry Sectors, Investment, Manufacturing, Projects, Technology
Reading Time: 2 mins read
A A
0
0
SHARES
10
VIEWS
LinkedinShare on Twitter

0:00

Navy takes two-pronge approach on tech development

The Indian Navy has taken a two-pronge approach of ab initio development and technology development such as Gas Turbine Generators, High End Electronics and Artificial Intelligence.

Stating this, Rear Admiral R Swaminathan said “These provide ample opportunities both to the big industries and the Micro, Small and Medium Enterprises (MSMEs).”

The Navy has already commenced projects under the Technology Development Fund (TDF) categories, and nominated Project Facilitation Teams for each project to handhold each case up to the Proto-type development stage, he said on policy reforms which provide opportunity for Indian MSMEs in Defence Manufacturing.

“Indian Navy has always been at the forefront when it comes to indigenisation and with the recent policy changes, it has only become easier to progress the cause further,” said Rear Admiral Swaminathan.

The Admiral was speaking at the ‘Industry interaction on MAKE projects for Indian Navy’organised jointly by Society of Indian Defence Manufacturers (SIDM) and Indian Navy on 26 April 2018.

Rear Admiral added that the Indian Navy’s requirements are drawn from its self-reliance needs which in turn emanate from the capability requirements.

SIDM Director General Subrata Saha pointed out that the Draft Defence Production Policy 2018 focuses on self-reliance, encourages innovation by earmarking funds for Hackathons, and promotes MSME participation.

He added that the idea of bringing the Draft Defence Production Policy post Defence Procurement Policy (DPP) 2016 clearly supports the forward looking provisions of DPP.

Various Indian industries already have projects at concept of readiness stage under the MAKE II category, he said.

This will only grow with the interest being expressed by the industry in such projects.

Saha disclosed that SIDM has initiated discussions to help develop a methodology for determining price index for technological & performance parameters for Defence and Aerospace procurements.

The SIDM is a not-for-profit association formed to be the apex body of the Indian defence industry. SIDM plays a proactive role as an advocate, catalyst, and facilitator for the growth and capability building of the defence industry in India.

SIDM works closely with the government towards enabling the growth of the defence industry and collaborates with experts from the armed forces, academia and defence industry to optimize the industry’s development capabilities. fii-news.com

Tags: Society of Indian Defence Manufacturers
ShareTweetShare

Related Posts

LTIMindtree
Technology

Tech: LTIMindtree offers GCC-as-a-Service

by Fiinews
July 2, 2025
0
15

GCCs are becoming strategic centers, says Lambu LTIMindtree has introduced its GCC-as-a-Service for organizations that may want to set up...

CSIR One Lab
Technology

Tech: RDI scheme to involve private sector

by Fiinews
July 2, 2025
0
14

Cabinet approves scheme promote adoption of technology In a transformative step to bolster India’s research and innovation ecosystem, the Cabinet...

PIB

Project: Indo-Russian Cooperation builds INS Tamal

July 2, 2025
12
PIB

Project: Udaygiri delivered to Indian Navy

July 2, 2025
15
Kumaraswamy Abdulla Bin Touq Al Marri

Project: India-UAE work on resource security

July 2, 2025
16
Matrix Logo 180x

Tech: Military-grade integrity for digital space

July 2, 2025
13
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Tech: LTIMindtree offers GCC-as-a-Service
  • Tech: RDI scheme to involve private sector
  • Project: Indo-Russian Cooperation builds INS Tamal
  • Project: Udaygiri delivered to Indian Navy
  • Project: India-UAE work on resource security

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.