INDIA

Defence Sector More Aggravated As the Only Buyer Is Govt: Rajnath Singh

Mumbai: Defence Minister Rajnath Singh on Thursday said that the Defence sector is more aggravated than other sectors as the only buyer of Defence products is the government.

While acknowledging the problems faced by Defence Industry Rajnath said, “Manufacturing sector has been affected the most due to lockdown and disruption in existing supply chains and the defence sector is no exception to this. Rather, it can be said that the Defence sector is more aggravated than other sectors as the only buyer of defence products is the government.”

Singh was addressing a video conference, MSMEs E-conclave, jointly organized by SIDM, Confederation of Indian Industry (CII), and Department of Defence Production, appreciated the role of SIDM and other Micro, Small and Medium Enterprises (MSMEs) in the fight against COVID19.

“I am very happy to know that SIDM has accelerated the manufacturing of DRDO (Defence Research and Development Organisation) designed PPE (Personal Protective Equipment) kits, masks, ventilator parts in the field of defence industry by efficient coordination and channelization. Within less than two months, we have not only met our domestic demand, but we can also think of helping neighboring countries in the coming time,” he said.

He termed MSMEs as the backbone of the country as they accelerate GDP growth and earn foreign exchange. He also assured that PM’s AatmanirbarBharat campaign will help to restore millions of jobs in the Indian industry.

Chief of Defence Staff General Bipin Rawat urged the MSMEs to work for placing India among the top ten nations in defence technologies and said India should have its own Defence industry.

(With ANI Inputs)

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