Rajnath Singh wants DAs to promote Indian defence industry
Foreign Original Equipment Manufacturers (OEMs) will be attending ‘Invest for Defence’ meet which will be inaugurated by Defence Minister Rajnath Singh on 20 October 2022 during the 12th edition of DefExpo.
Both the Indian and foreign OEMs, such as L&T, Adani Defence, Bharat Forge, Saab, Airbus, Lockheed Martin will be joined by Domestic and Foreign Institutional Investors and Venture Capitalists at the event, the first ever marquee event by the Defence Ministry.
The event will highlight the requirements of the Armed Forces and policy reforms undertaken by the Government for ease of doing business in the defence sector.
“It aims to provide the industry with the opportunities and the advantages of investing in the sector and thus contributing to maximising the indigenous production,” said the Ministry in a release on 13 Oct 2022.
The target audience for the event is industry representatives including those from MSMEs and Start-ups, policy makers and enthusiasts in defence sector.
Another highlight of the event will be a B2B interaction among the OEMs, including both DPSUs and foreign OEMs, on the ‘Opportunities from large platforms’.
Concurrently, with this B2B interaction an iDEX pitching event for the budding start-ups in Defence is also planned.
The 12th DefExpo is being held in Gandhinagar 18-22 October 2022.
Separately, Defence Minister Rajnath Singh has described Defence attachés (DAs) with Indian missions abroad as the bridge between India and friendly foreign countries mutual defence cooperation.
He urged the DAs to promote Indian defence production capabilities in the country.
He also called on the DAs to understand the technological innovations taking place in Indian Defence Production Sector, both Public and Private so as to showcase and promote these in their countries of accreditation.
Addressing the DAs conference being held in New Delhi on 13 October 2022, the Minister pointed out that the defence attachés make a significant contribution in securing national interests in line with foreign policy, strengthening international cooperation and enhancing the capabilities and preparedness of the Armed Forces.
He urged them to carry forward the Government’s vision of achieving self-reliance, describing it as the only way to make India strong and respected at the global stage, amid the constantly-evolving global security scenario. fiinews.com
