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India


Private sector key to create 21st Century's Defence sector: PM

Private sector key to create 21st Century's Defence sector: PM

New Delhi, Feb 22 (UNI) Stating that the role of private sector has increased in Indian Defence manufacturing over the years, Prime Minister Narendra Modi on Monday said the 21st Century defence sector in the country cannot stand without the partnership of private sector.
Addressing the virtual session 'Budget Announcements: 2021-22, Galvanizing Efforts for Aatmanirbhar Bharat,' organised by the Ministry of Defence, jointly with the Federation of Indian Chambers of Commerce and Industry (FICCI) and other industry chambers, Mr Modi said that to promote the Indian private sector, the government is giving more impetus on the Ease of Doing Business.
'We have taken a number of measures, including delicensing, deregulation, export promotion and foreign investment liberalisation in the Defence sector. We are working ahead and focusing on transparency, predictability and ease of doing business,' he added.

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