December 8, 2021
1 min read

India eliminated bottlenecks in defence production

Bhatt was speaking at the State Policy Conclave 2021 on the theme ‘Role of states in making Aatmanirbhar Bharat’, organised by apex industry body PHDCCI…reports Asian Lite News.

India has eliminated all the bottlenecks in the defence manufacturing sector, which is attracting investors from various countries, Ajay Bhatt, Minister of State for Defence and Tourism, said while addressing the State Policy Conclave 2021 on Tuesday.

Bhatt said that the country is exporting defence products to around 75 countries at present, adding that around 200 defence products, which were earlier imported from other countries, are now reserved for manufacturers from India. He expressed hope that the step would give a huge boost to the local industries.

Bhatt was speaking at the State Policy Conclave 2021 on the theme ‘Role of states in making Aatmanirbhar Bharat’, organised by apex industry body PHDCCI.

In his address, the minister assured the private sector that if they can manufacture quality products, the government would buy products from them, adding that the Centre is developing two defence corridors in Uttar Pradesh and Tamil Nadu.

https://www.youtube.com/watch?v=rNaw_iKbKj0

“We have made seven defence public sector undertakings (PSUs) through the restructuring of 41 ordnance factories, whose products will be bought not just by the Indian government, but they can alos export them to the other countries across the globe. We are moving towards an ‘Aatmanirbhar Bharat’ and the whole world is watching us with curiosity,” he said.

“The government has introduced complete transparency in the sector by opening it up. Transacting with states have become an easier task now due to the ease of doing business measures taken by the individual states,” Bhatt said.

Once the investor shows interest, the government will ensure that all the follow-ups happen at its end, he added.

ALSO READ-Weather warning issued as storm hits parts of Britain

Previous Story

Pak Opposition firm on decision over long march on Pakistan day

Next Story

Israel announces completion of high-tech underground wall around Gaza

Latest from -Top News

Trump Targets BRICS Allies with New Tariff

This move coincides with the ongoing BRICS summit being held in Rio de Janeiro, Brazil…reports Asian Lite News US President Donald Trump has announced that an additional 10 per cent tariff will

BRICS Endorses India’s Stand on Terror

The treaty proposed by India within the UN framework aims to provide a comprehensive legal basis for combating terrorism….reports Asian Lite News The leaders’ joint statement, issued after the 17th BRICS summit

BRICS Slams US Tariff Hikes

The leaders criticised developed nations for using environmental issues to justify trade restrictions on developing countries….reports Asian Lite News Rio de Janeiro, July 7 (IANS) Embroiled in a trade war launched by

US Tariffs Pushed to August Amid Talks

In April, Trump announced a base tariff of 10 per cent on most of America’s trading partners and thereafter additional duties ranging up to 50 per cent….reports Asian Lite News US President

Indonesia Joins BRICS Bloc

This year’s BRICS Summit saw an expanded format, reflecting the grouping’s growing relevance in international affairs….reports Asian Lite News Prime Minister Narendra Modi formally welcomed Indonesian President Prabowo Subianto into the BRICS
Go toTop

Don't Miss

India, Tanzania to elevate defence ties

President Samia will arrive at 5:15 pm and later will

Indian and French Air Force chiefs take to the skies

The unique flight provided the perfect overview of the Exercise