Minister of State for Defence Ajay Bhatt stressed on self-reliance in the defence sector and highlighted Prime Minister Narendra Modi’s visionary leadership which is helping the defence sector to stand on its feet.
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There is an urgent requirement of increasing R&D spending in the Indian defence industry which will take the entire industry in the direction of growth, according to the experts. As per the UNESCO Science report which came out in June this year, as far as infrastructure and innovation are concerned, the country’s investment in research remains unsatisfactory.
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In the inaugural session of BW Defence Conclave 2021, experts from the world of aerospace and defence industry put out their thoughts out on the defence manufacturing in India. Experts highlighted that Defence and Aerospace manufacturing are pivotal issue for the Government of India and they are optimistic about the future of Defence and Aerospace manufacturing in the country.
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Defence Secretary Ajay Kumar has been driving policies and reforms in aerospace and defence to transform what is potentially marked as the most promising areas for industrial growth. In an exclusive interaction with Manish Kumar Jha of BW Businessworld, the Defence Secretary outlines his key policy direction, that is, ‘Make in India’ in Defence. He talks about the major acquisition plans and strategic partnerships on crucial projects – 75I submarine, AK 203-joint production line, light tank and the critical aero-engine technology. He also clarifies the key policy aspects on offset and FDI in defence and is forthcoming about the need to create a more level-playing field, testing labs, certification processes and systems for other players.
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The Defence Acquisition Council (DAC), in its meeting of November 02, 2021 held under the chairmanship of Raksha Mantri Rajnath Singh, accorded Acceptance of Necessity (AoN) for capital acquisition proposals for modernisation and operational needs of the Armed Forces amounting to Rs 7,965 crore. All of these proposals (100%) are under ‘Make in India’ with focus on design, development and manufacturing in India. The procurement from domestic sources include twelve Light Utility Helicopters from Hindustan Aeronautics Limited (HAL).
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If we need to accelerate the pace of indigenisation to the aspired scale, we need a quantum leap in the way it is approached. So far, the primary approach to indigenisation has been through import substitution. This gave birth to an offset policy that, in turn, triggered partnerships between global and Indian companies. However, this approach has limitations and is dependent on imports to feed into the value chain in the form of offsets or work being passed on to local companies. Co-creation with willing global partners with a goal to not only serve India but the world, will be key to leveraging the potential of the Indian defence ecosystem.
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In a virtual conference supported by ISRO, representing the industry, Satcom Industry Association (SIA) India urged to set up portal to facilitate interface for Space Start up industry and Government. In a country with 57% rural India is unconnected, satellites will play a pivotal role in bridging the digital divide. SIA-India's emphasis is to play an important role in facilitating a regulatory and policy framework to make this happen.
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Rajnath Singh invited Swedish firms to invest in Defence Corridors in Uttar Pradesh and Tamil Nadu, saying that they can benefit from the unique incentives being offered by the state governments and the availability of a highly-skilled workforce in India. Defence Minister Rajnath Singh discussed the bilateral cooperation with Defence Minister of Sweden Peter Hultqvist.
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