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MACHINIST - Pallam Raju calls upon Private Industry to participate in Defence Sector

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Home arrow News arrow Defence arrow Pallam Raju calls upon Private Industry to participate in Defence Sector

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Pallam Raju calls upon Private Industry to participate in Defence Sector
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Written by James   
Friday, 21 August 2009

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New Delhi: Minister of State for Defence, Dr. MM Pallam Raju, called for deployment of India's evident private sector capacities in information technology and engineering design in the armed forces as well. 

"The government has stated its intention to source defence equipment indigenously up to the extent of 70%. Although this target is far from being met, we are committed to strengthening our civil industry capacities in order to be able to meet defence production requirements as well," he said while delivering the Inaugural Address at a seminar on ‘Emerging Technologies in Sub Conventional Warfare and Homeland Security'.

The country is expected to spend around $10 billion in the next seven years on homeland security alone.

"I am aware that defence being a single consumer and owing to the level of confidentiality that has to be maintained, it has been difficult for civil industry to meet the requirements of defence. There is a high degree of business risk attached to the production of goods for defence purposes. However, there are a number of areas where civil industry and defence production facilities under the government can cooperate for developing new products that are of use to both sides," added Dr. Raju.

While delivering the welcome address at the session, Mr. S K Munjal, Past President CII and Chairman Hero Corporate Services said that the Defence sector is at the threshold of changes and industry is happy to see  the positive and forward looking changes. He brought out that offsets offer a huge opportunity for the Indian industry. The challenge that remains is to convert these opportunities into inclusive growth of the country.

"The key facet of the cooperation between civil and defence industry is communication. I am delighted that CII is partnering with the defence forces and institutions such as CLAWS for bringing the opportunities in defence production to industry heads. This will alleviate many of the misconceptions and help build a culture of indigenous development and production in civil industry. Defence forces may outline exactly their requirements from civil industry well in advance in order to enable corporates to plan and develop the products well in time," the minister said.

The seminar was attended by officials from the Indian Army, Air Force, Navy. Officials from the various state police forces and paramilitary forces such as NSG, CRPF, BSF were also present.  

Last Updated ( Friday, 21 August 2009 )
 
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