Chennai,
Jan 18: Defence Minister Nirmala Sitharaman on Thursday inaugurated the
two-day Defence Industry Development meet organised by the Department of
Defence Production.
The objective of the Meet was to forge new partnerships with
private industry with the aim of achieving self-reliance in defence production
under the overarching ‘Make in India’ initiative of the Government.The Meet would focus on indigenization, import substitution and technology infusion.
The event was part of the defence Ministry’s initiative to encourage and facilitate participation of private industries, especially MSMEs, in Defence manufacturing.
The event would provide private firms, companies, especially vendors from Tamil Nadu region, an overview of the existing defence procurement policy, indigenization and outsourcing procedures of DPSUs/OFB and update them on the recent Government policy initiatives to promote indigenization and outsourcing and the opportunities thereon.
More than 700 vendors were participating the meet, which would have presentations, theme based breakout sessions to address the concerns of the private industry and to provide an opportunity to interact with DPSUs/defence ministry officials to clarify their individual queries.
'Breakout sessions on aerospace, land systems and naval equipment are planned during the Meet', a Defence Ministry release said. UNI
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