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20 Percent Defence Production in India by Private Industry

Raksha Mantri Shri Rajnath Singh has voiced government’s desire to encourage private industry investment in defence sector while also strengthening defence PSUs and Ordnance Factory Board (OFB). Addressing CEOs of top Defence and Aerospace companies at a roundtable with the theme ‘Make in India in Defence Industry’ here today, Shri Rajnath Singh said defence companies have huge opportunities in contributing to domestic market in addition to exports. Raksha Mantri said the strategic partnership model has been notified to establish defence manufacturing infrastructure and supply chain through which Indian companies could choose a partner through a competitive and transparent process. He added that FDI policy in defence sector has been liberalised. Regarding the offset processing, Shri Rajnath Singh said the Ministry has set up an end-to-end offset processing portal through which proposals of value USD 1.5 billion were processed. Entry barriers for MSMEs were also reduced and this resulted in doubling of defence licenses issued from 215 in 2014 to 440 in 2019. Raksha Mantri said the Defence Investor Cell established a year ago in the Ministry has processed nearly 550 queries and grievances. While highlighting various measures initiated by the government to encourage defence exports, Shri Rajnath Singh urged the industry to work towards increasing exports to friendly countries...............................

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