Defence Minister Rajnath Singh said that Self-reliance in the defence sector is far more crucial than any other field. The Minister was speaking while launching new products of the Defence Public Sector Undertakings (DPSU) and Ordnance Factory Board (OFB) as part of the celebrations of ‘Atmanirbharta Saptah’.
Rajnath Singh said, India should not only aim to ensure fulfilment of its own national interests but also should be able to help other people in times of need.
Highlighting the importance of security in relation with the development of a nation, the Defence Minister said, nations which are able to protect themselves, have been able to build a strong image at the global level.
He asserted, the nation cannot depend solely on foreign governments, suppliers and defence products to address India’s defence requirements.
Rajnath Singh stressed on increasing indigenous production in terms with the objectives of a strong and ‘Atmanirbhar Bharat’. He called for integration of modern management techniques, technology infusion and collaborative efforts by the DPSUs and OFB to help the state defence industrial complexes serve the country and attain true self-reliance.
The defence ministry has set a goal of a turnover of USD 25 billion (Rs 1.75 lakh crore) in defence manufacturing in the next five years that included an export target of USD 5 billion (Rs 35,000 crore) worth of military hardware.
In his address at the online event,Rajnath Singh said the concerted efforts being initiated by the defence ministry to streamline the procurement procedures and promote domestic defence industry would lead to the development and manufacture of indigenous defence products.
He said the initiatives would bring down India’s dependence on imports, and thereby would help in restricting outflow of foreign exchange and insulate India from “external pressure”.
Referring to corporatization of OFB,Rajnath Singh said if government-owned defence industries are to compete at national and international level then “outdated practices” will have to be done away with.
Officials said the prototype of Nag Missile Carrier (NAMICA) developed by Ordnance Factory Medak in association with Defence Research and Development Laboratory, Hyderabad, has the potential for import substitution to the tune of Rs 260 crore initially which may go up to more than Rs 3,000 crore.