February 15, 2023
1 min read

Rajnath hardsells India advantage for defence sector to CEOs

He described it as a win-win situation where defence manufacturing companies from across the world can become a part of the Indian growth story…reports Asian Lite News

Union defence minister Rajnath Singh on Tuesday listed competitive land costs, skilled human capital, a vibrant start-up ecosystem and a huge domestic defence market among the advantages that India offers the global defence industry. Singh was interacting with the CEOs of Original Equipment Manufacturers (OEMs) on the sidelines of the 14th edition of Aero India.

He described it as a win-win situation where defence manufacturing companies from across the world can become a part of the Indian growth story.

Rajnath Singh emphasised the importance of the defence sector for India. “Defence production meets the twin goals of becoming self-reliant in a critical sector as well as generating jobs for our people.”

He mentioned the incentives offered by the Uttar Pradesh and Tamil Nadu governments for investment in Defence Industrial Corridors, Central government policies promoting FDI and defence manufacturing in India, the strong legal system protecting stakeholders’ interests and improvements in ease of doing business.

“There are opportunities to co-develop, co-produce, integrate and strengthen supply chains, from joint ventures, set up manufacturing in India and make for the world,” he said. The CEOs gave their suggestions to facilitate global investment in Indian Defence Manufacturing. Rajnath Singh assured them of government efforts to remove regulatory hurdles for private industry.

The CEOs and senior management of General Atomics, Safran, Boeing, Embraer and Rafael Advanced Defence Systems attended the interaction. Defence Secretary Giridhar Aramane, DG (Acquisition) Pankaj Agrawal, Additional Secretary, Defence Production T. Natarajan and other senior officials of the Ministry of Defence were also present.

ALSO READ-Rajnath holds talks with defence heads of 7 nations

Previous Story

Celebrating the South Asian art and culture

Next Story

Defence minister meets Zambian counterpart  

Latest from -Top News

Turkey’s Jet Roars, West Watches

It is visible that Turkey is intentionally reducing reliance on U.S. and Western military imports, especially F-16s and the failed F-35 partnership, to achieve strategic independence….writes Ankit V In 2016, Ankara announced

‘Op Sindoor’ Team Wraps Up Saudi Visit

The visit reaffirmed the shared commitment of India and Saudi Arabia in the fight against terrorism….reports Asian Lite News Riyadh, May 30 (IANS) The Indian all-party delegation, led by BJP MP Baijayant

Visa Interview Pause Nearing End, Says US

India is the source country for the largest group of international students in the US and Bruce’s comments will be closely followed there….reports Asian Lite News The United States said the pause

No Talks Till Terror Ends: India to Pakistan

The MEA’s strong response came at a time when Pakistan, pushed on the backfoot by India’s decisive Operation Sindoor, has suddenly started talking about its intent on having peace talks with India….reports

BNP ramps up poll demand

Chief Adviser Yunus had earlier promised elections in December 2025, but the timeline has since been pushed back first to February 2026 and then to June 2026, fuelling suspicion and dissatisfaction among
Go toTop

Don't Miss

India’s Foreign Minister Jaishankar begins 4-day New York visit

Announcing the visit on Sunday, the Ministry of External Affairs

CDS brainstorms with Quad counterparts on China strategy

The gathering of top military commanders comes just before next