 Agencies
NEW DELHI, Oct 4: Defence Minister Rajnath Singh on Friday said at least 50 per cent of the country's total defence production should come through the participation of the private sector.
Addressing an event by the Society of Indian Defence Manufacturers (SIDM) here, he said the Russia-Ukraine war proved that the importance of a defence industrial base has "not lessened", rather there is a need to expand it.
ingh underlined that India was an "import-dependent nation" earlier in the defence sector, but the country is taking strides towards defence exports.
He urged the stakeholders in the defence sector to keep seeing the export and import figures, and said with a target-oriented approach, the ratio between the two can be reduced.
"You know well our thinking and policy in the defence sector. Our government will not only continue those efforts but will endeavour to accelerate them as much as possible. Efforts to achieve self-reliance will be made more vocal, this is a firm conviction of our government," Singh said.
The defence minister highlighted government initiatives like the corporatisation of the Ordnance Factory Board, the establishment of two industrial defence corridors, and the encouragement of private industry by the DAP to enhance the role of the private sector in defence manufacturing.
"We created an environment of ease of doing business in the country," Singh said.
He also spoke of the "record growth" in the value of defence production in the country in 2023-24.
In July, Singh said, "India has registered the highest ever growth in the value of defence production in 2023-24. The value of production has reached Rs 1,26,887 crore in 2023-24 which is 16.8 per cent higher than the value of production of the previous financial year".
At the SIDM event, he said, "If we look closely, then we realise that the majority share is being generated by PSUs, DPSUs, with a share of Rs 1 lakh crore, while private sector share is only about Rs 27,000 crore."
There is a "big scope" to increase the participation of private industry in total defence production, he said.
"We wish to see it at least 50 per cent of the total defence production. It should be our target, and the government stands by you in making efforts towards achieving this," Singh added.
In his address, he also alluded to the prolonged Russia-Ukraine war.
He said some experts have said that the form of warfare was not the same as it was before, rather it has changed.
But, this war shows that the importance of a defence industrial base has not lessened from what it was before, rather in the coming times, there will be a need to expand it, he said.
"So, the government is ready to make all efforts," the defence minister said.
Singh also spoke of the five positive indigenisation lists (PILs), under which 509 pieces of equipment have been identified whose production will be done in India.
"This list of 509 items is not static, it is a dynamic list which should keep reducing with time. We should assess on what items in the first list, we have achieved 'atmanirbharta'. Our efforts should be to achieve full self-reliance on these items over time, and shorten the list," he said.
"Besides, for the defence PSUs also we released five positive indigenisation lists, under which over 5,000 such equipment have been identified which will be built in India by Indian hands," the minister said. |
