Defence Expo2018:"Indian soldiers to get bulletproof jackets soon ", PM Modi

Defence Expo2018:

He said that his government has brought the process to a successful conclusion with a contract that would provide a boost to defence manufacturing in the country. "You would have also seen that we have brought the process to a successful conclusion with a contract that will provide a boost to defence manufacturing in India", the Prime Minister told his audience of global delegates, foreign industry captains and domestic manufacturers.

Later, Modi watched a live demo of the armed forces and also visited the 700 odd stalls in the Defence Expo along with his cabinet colleague and Defence minister Nirmala Sitharaman.

Chennai: Prime Minister Narendra Modi on Thursday lashed out at the previous UPA government for its "policy paralysis" and "inordinately" delaying defence procurement, and assured foreign companies that it would no longer take a decade or so to take decisions on buying fighter jets and other military purchases. "We have seen the damage of such laziness, incompetence or perhaps some hidden motives, can cause to the nation, however, it will not happen anymore in our Government", he stated.

The Prime Minister said he was conscious that defence manufacturing needed government involvement at many stages.

His almost half-an-hour speech laid down the government's roadmap to take India to its goal of being one of key makers and exporters of defence equipment.

The Air Force has also launched a campaign for buying 114 fighter aircraft in India under which global bidders would be offering their planes for production in India. "For this we are ready to take all steps to equip our armed forces", said Modi.

Quoting former president APJ Abdul Kalam, the Prime Minister said, Kalam asked us to dream, dream and dream.

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"Our dream is to develop the ecosystem to foster an environment of new and creative entrepreneurship in the defence manufacturing sector", Modi said.

"We are committed to building a defence industrial complex that has room for everyone - public sector, private sector, as well as foreign firms", he said.

But, he said, "In less than four years, we have issued 794 more export permissions, for a total value of over $1.3 billion".

"Today, we launched the "Innovation for Defence Excellence" scheme".

The theme of the DefExpo is "India: The Emerging Defence Manufacturing Hub" which would showcase India's capability in export of defence systems and components.

Modi said defence products list for the goal of issuing licences has been revised to reduce entry barriers for the industry, especially for the small and medium enterprises. Under the scheme, the government would set up defence innovation hubs throughout the country to provide necessary incubation and infrastructure support to the start-ups in the defence sector.

In 2014 Defence export permissions stood at 118 worth about 577 million United States dollars. "India, with its leadership in information technology domain, would strive to use this technology tilt to its advantage", he said. "Procurement from SMEs by the defence public sector undertakings and ordnance factories has gone up from about Rs 3,300 crores in 2014-15 to over Rs 4,250 crores in 2016-17".

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