Today: 15 July 2025
15 February 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

UN Chief: Gaza Situation ‘Horrific’

Guterres said the violence undermines the most basic conditions of human dignity for the population of Gaza…reports Asian Lite News UN Secretary-General António Guterres condemned the situation in Gaza as “horrific,” calling

Beijing Sidelined in Mideast Clash

Yet when Iran came under a massive Israeli attack — supported by U.S. air strikes targeting its nuclear infrastructure — China’s reaction was mostly symbolic…reports Asian Lite News The recent conflict between

India, Saudi Expand Sectoral Ties

Both sides underscored their commitment to broadening the scope of bilateral relations…reports Asian Lite News Union Health and Chemicals & Fertilisers Minister J.P. Nadda’s visit to Dammam and Riyadh underscored the deepening

UN slams resumption of Houthi attacks

In the first such incidents for more than six months, the Yemeni group seized and then scuttled two Liberian-flagged bulk carriers operated by Greek shipping firms, leaving four seafarers presumed dead and
Go toTop

Don't Miss

Manmohan Singh conferred Lifetime Achievement Honour  

British Indian peer Lord Karan Bilimoria received the Living Legend

India’s Investors Swap FDs for Stocks!

The total inflow into various SIPs of mutual funds during