February 8, 2022
2 mins read

Small industries in TN to take advantage of more self-reliance in defence

The DRDO chief also said that this was the apt time for the Indian industries to take advantage of the latest policies of the government and join hands with DRDO to deliver defence systems and technologies to the Indian defence forces…reports Asian Lite News

The small industries in Tamil Nadu will be taking advantage of more self-reliance in defence production announced by Union Finance Minister Nirmala Sitharaman during the 2022 budget speech.

Sitharaman, while presenting the budget on February 1 had said 68 per cent of capital procurement will be earmarked for the defence industry in the 2022-23 Budget which is 10 per cent higher than the 2021-22 Budget.

She said: “Defence Research and Industry will be opened up for industry, startups, and academia with 25 per cent of defence R&D Budget earmarked for it. Private industries will be encouraged to take up design and development of military platforms and equipment in collaboration with Defence Research and Development Organisation (DRDO) and other organisations through Special Purpose Vehicles (SPV) models.”

Several companies in Coimbatore, Hosur, and Tiruchi are already in the defence production and research sector in Tamil Nadu and are in association with the DRDO. The proposed defence corridor is also expected to create an ecosystem where industries will be encouraged to take up more defence projects.

Tamil Nadu has over 120 aerospace manufacturing companies and 700 suppliers to various Defence Public Sector Undertakings (PSUs) already and with the new announcement in budget all these companies will get sizeable work for supplying components to major productions in the defence sector.

G. Satheesh Reddy, Chairman DRDO and secretary department of defence (R&D) in a statement, said: “The DRDO is planning an R&D centre in Tamil Nadu defence corridor where industries will be groomed by our scientists. An SPV will be formed soon which will lead to industries partnering DRDO in all stages of the supply chain from design, development, testing, production, marketing, and exports.”

The DRDO chief also said that this was the apt time for the Indian industries to take advantage of the latest policies of the government and join hands with DRDO to deliver defence systems and technologies to the Indian defence forces.

Other than small industries in Tamil Nadu spread across the industrial hubs of Coimbatore, Tiruchi, Hosur, big companies in the state like L&T and Ashok Leyland are already production partners of the DRDO.

The DRDO, according to insiders, will soon be grooming and developing several Tamil Nadu companies, both small and big, to advance design and development capabilities.

The main battle tank Arjun Mk-1A was developed by Combat Vehicles Research and Development Establishment in Chennai in collaboration with other DRDO labs.

ALSO READ-Sri Lankan Navy rams and sinks TN fishing boat

Previous Story

400 trains, 40k crore jobs; Budget 22 bets big on Indian railway

Next Story

Taliban dismiss UN report on presence of foreign groups in Afghanistan

Latest from Business

Northeast Is Growth Engine

Scindia also provided updates on the government’s efforts to facilitate the entry of SpaceX’s Starlink service into India. “All due diligence from the Ministry’s side is complete Union Minister for Communications and

India to Empower Global South

India is emerging as a pivotal force in the global transition to clean energy, with Union Minister for New and Renewable Energy, Pralhad Joshi, asserting that the country is empowering the Global

Maruti’s Global Push Breaks Record

June shipments hit 37,842 units, signalling robust global demand Maruti Suzuki India recorded its highest-ever monthly exports in June, shipping 37,842 units and marking a new milestone that highlights the company’s expanding

India Bats for Fairer Global Finance: FM Sitharaman

FM Sitharaman stated that we believe that optimal regulation fosters innovation and stability….reports Asian Lite News India supports reforms to the international financial architecture to enhance inclusivity and equity, including Multilateral Development

EVs Drive Cleaner Cities

Each EV is equipped with GPS tracking for real-time monitoring and efficiently serves the city’s 159.46 square kilometre area The use of electric vehicles (EVs) in household waste collection is ushering in
Go toTop

Don't Miss

Fast reactor fuel cycle facility in TN to be ready by 2027

A fast breeder reactor is one which breeds more material

Tamil Nadu: DMK Seals Seat-Sharing Deals With CPI, CPI(M)

As per party sources, the DMK allotted two seats each