Saturday 17 August 2019

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Economy | Defense

Govt to encourage ‘Startup India’ in defence sector along with ‘Make in India’

 

‘Startup India’ will find opportunities also in defence sector while ‘Make in India’ would be implemented in a proactive manner, defence minister Manohar Parrikar has said.

He opened 9th edition of a four-day Defence Expo, held for the  first time in Goa, at Quitol plateau in Betul today morning.

Parrikar, Goa’s former chief minister, has also announced earlier that Goa would be made a permanent centre for DefExpo, but the venue may be changed.

The Defence Minister stated that the government has tweaked the new Defence Procurement Policy (DPP) to address the concerns of defence manufacturers and suppliers and enhanced transparency.

It would ensure faster pace in procurement, especially through newly introduced categories under Indigenously Designed, Developed and Manufactured (IDDM) provisions that would encourage Indian Industry in defence sector.

Parrikar also acknowledged the contributions of the Small and Medium Scale Industries in Defence Sector, quoting that many innovative ideas have come from these sectors.

While Foreign Direct Investment (FDI) in defence sector is capped at 49%, cases for higher FDI can be considered on case-to-case basis, he announced.

The Minister of State for Defence Rao Inderjit Singh said over the last 70 years India has created a robust industrial base and the aim of the government is to transform India from being a net importer to a net exporter of defence equipment through its ‘Make in India’ campaign.

 The inaugural ceremony saw live demonstrations of military equipment including Main Battle Tank Arjun Mk I and II, various types of heavy bridging equipment, Wheeled Armoured Vehicle, Sarang Aerobatic team and Naval LCA.

 

MBT Arjun Mk II and Wheeled Armoured Vehicle were being displayed for the first time in any exhibition.

The function was also attended by the Railway Minister Suresh Prabhu, AYUSH Minister Shripad Naik, South Goa MP Narendra Sawaikar, Chief of the Army Staff General Dalbir Singh, Chief of the Naval Staff Admiral RK Dhowan, Defence Secretary G Mohan Kumar, Secretary (Defence Production) AK Gupta and Senior Officials from the three Services and Ministry of Defence.

47 countries from different continents are taking part in the exhibition against 30 countries which participated in DefExpo 2014. 

In comparison to DefExpo 2014, where 624 companies participated, over 1000 companies, both foreign and Indian, are taking part this year. 

The net exhibition area sold during this edition is 40,725 square meters against 27,515 square meters in 2014.

On the sidelines of the exhibition, seminars will provide a platform to showcase developments and opportunities in the defence sector. 

The topics of the Seminars being conducted on 29 and 30 March are Global Defence Supply Chain, advances in shipbuilding technology, Make in India for defence sector, India – Korea Defence Cooperation, Modernisation Programme of Indian Army and Challenges and opportunities of Defence Offset.

The event will be open to public on 31 March and by prior registration on other days by registering on the website www.defexpoindia.in.






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