Wednesday 3 March 2021
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business-standard - 8 days ago

Role of the private sector has increased in Indian defence manufacturing over the years: PM Narendra Modi

Mr Narendra Modi, Prime Minister of India said that the role of the private sector has increased in Indian defence manufacturing over the years. Today s India is working to further increase its capacity and capability in the sector. The 21st century defence sector cannot stand without private sector partnership, he added. Addressing the virtual session Budget Announcements: 2021-22, Galvanizing Efforts for Aatmanirbhar Bharat , organized by the Ministry of Defence, jointly with FICCI and other industry chambers, Mr Modi said that to promote the Indian private sector, the government is giving more impetus on Ease of Doing Business. We have taken a number of measures, including delicensing, deregulation, export promotion, foreign investment liberalization, in the defence sector. We are working ahead and focusing on transparency, predictability and ease of doing business, he added.


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