homepolitics NewsPM Modi calls for 'Aatmanirbhar' in defence sector, cut down on imports

PM Modi calls for 'Aatmanirbhar' in defence sector, cut down on imports

"We've to build an image as a leading defence exporter globally and strengthen the image as well," says Modi.

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By CNBCTV18.com Feb 22, 2021 2:04:04 PM IST (Updated)

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Prime Minister Narendra Modi on Monday called for 'Aatmanirbhar’ in the defence sector and the need to focus on exports in the sector. Speaking at the Webinar for effective implementation of Union Budget provisions in the defence sector, Modi said India needs to build its image as a leading global defence exporter.

"India had age-old experience in making arms, military equipment but after Independence, this capability was not strengthened. India is now committed to enhancing capabilities, capacities at a fast pace. With the establishment of the chief of defence staff post, bringing uniformity in the procurement process, induction of equipment has become easy," Modi said.
Modi said the Centre has made a list of 100 items for import embargo so as to enhance India's manufacturing capabilities. "I assure the industry that we will do away with the strategy to import defence goods which can be designed and manufactured in India. I regard the defence import restriction list is actually a positive one and it will boost indigenization drive through private companies," Modi said.
"We've to build an image as a leading defence exporter globally and strengthen the image as well."

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