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Defence minister asks US defence firms to tap ‘Make in India’ initiative.
Defence minister asks US defence firms to tap ‘Make in India’ initiative.
On Thursday defence minister rajnath singh asked American corporation to hold out joint analysis, research, improvement, development, co-production method of systems, manufacturing and unkeep of navy within the nation to faucet the alternatives below the ‘make in india’ , make for the world initiatives when attaining self-reliance in defence is a right away precedence for the federal government and several other measures have taken to realize that purpose.
Defence minister was addressing the American Chamber of Commerce in India through video conferencing during its 30th Annual Genera Metting on Wednesday. Rajnath singh urged to take the advantages of Indian Prime Minister Narendra Modi’s poicy initiatives as “Atmanirbhar Bharat” and to carry out joint research and development, co-production, co-development, investment promotion and develop maintainance, repair and overhaul (MRO) facility in India to promote defence manufacturing.
Defence minister, Rajnath Singh stated addressing the member of the American Chamber of Commerce in India, “of late, some US companies have expanded their local presence in partnership with Indian industry to achieve our aim of ‘Make in India, Make the world’. We believe this is just the beginning. With increasing business, we aspire for the increased investment by US companies in India.
Both the countries had signed ISA in December 2019 to facilitate the exchange of classified information between their defence industries. Establishing a situation for full use of the Industrial Security Agreement (ISA), we need to facilitate collaboration and indigenization of defence technology and boost the participation of US and Indian companies in each others defence supply chains.” He also said during addressing the American Chamber that, India and the US have a growing convergence of strategic interests and both side seek a resilient and rules based international order that safeguards the soverignity and territorial integrity of all countries. The defence minister voiced that Indian and US firms needed to make it productive by the full use of Industrial Security Annexure (ISA) to participate in the defence supply chain between the country.
Last month the senior diplomats of US ‘Donald Lu’ and ‘Victoria Nuland’ last month met the top Indian officials including, S Jaishankar (external affairs minister) in New Delhi with a proposal to provide alternatives for the supply of weapons, system and spares to keep ready the Indian army forces for the battle.
Responding the US proposal former Navy Chief Admira Arun Prakash said, “What the US has offered is not only feasible but also desirable if done the right way. The US can help us by not imposing sanction for dealing with Russia. It can facilitate spares and maintenance support till such time we are able to do it on our own. And most importantly, they should give us technology in area where we are struggling, from small arms to jet engines.”
Rajnath singh also added that the US companies not ony have been a source foreign direct investment and employment in India, also supported to the india’s defence export and these export to the US worth around $2.5 billion during last five year which acconts for 35% of the tota exports during this period. And said the recent India-US ‘2+2’ dialogue and fruitful conversation between Prime Minister Narendra Modi and President Joe Biden have created the ground for a more ambitious and strategic engagement between the two sides.
