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V.Balasubramani
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Bulk of India's Defence modernisation under ‘Make in India’ banner
The Defence Ministry is taking efforts to modernise the sector intensively under the ‘Make in India’ banner in a bid to reduce dependence on other countries in the defence supply chain, Union Defence Minister Manohar Parrikar told journalists in Coonoor on Friday. But putting the concept to practice would entail initial cost overheads for the country. “Cost of production would become cheaper in the long run,” he added.
Mr. Parrikar was here on a one-day visit to the Defence Services Staff College (DSSC). He said that from November 2014 (when he assumed office), the country had signed agreements for modernisation to the tune of Rs. 90,000 crore. “Seventy per cent of the projects were under the ‘Make in India’ banner,” he said.
Of the Rs. 1.05 lakh crore worth projects earmarked for modernisation and cleared recently, 88 per cent of the projects would be made in India.
According to him, modernisation of the defence sector to suit current needs would happen in about three to ten years.
Read more at: http://www.thehindu.com/news/nation...e-in-india-banner-parrikar/article7875302.ece
The Defence Ministry is taking efforts to modernise the sector intensively under the ‘Make in India’ banner in a bid to reduce dependence on other countries in the defence supply chain, Union Defence Minister Manohar Parrikar told journalists in Coonoor on Friday. But putting the concept to practice would entail initial cost overheads for the country. “Cost of production would become cheaper in the long run,” he added.
Mr. Parrikar was here on a one-day visit to the Defence Services Staff College (DSSC). He said that from November 2014 (when he assumed office), the country had signed agreements for modernisation to the tune of Rs. 90,000 crore. “Seventy per cent of the projects were under the ‘Make in India’ banner,” he said.
Of the Rs. 1.05 lakh crore worth projects earmarked for modernisation and cleared recently, 88 per cent of the projects would be made in India.
According to him, modernisation of the defence sector to suit current needs would happen in about three to ten years.
Read more at: http://www.thehindu.com/news/nation...e-in-india-banner-parrikar/article7875302.ece