India committed to enhancing capabilities in defence manufacturing: PM Modi
India had an age-old experience in making arms and military equipment but after Independence this capacity was not strengthened
New Delhi: India had an age-old experience in making arms and military equipment but after Independence this capacity was not strengthened, Prime Minister Narendra Modi said on Monday, asserting that now the country is committed to enhancing its capabilities in defence manufacturing at a fast pace.
Addressing a webinar on the effective implementation of the Union Budget's provisions in the defence sector, the prime minister listed a series of measures taken by his government to boost self-reliance in the defence sector.
"The condition is such that even for small arms we have to look at other nations. India is amongst the biggest defence importers and this is not a matter of pride," Modi stressed.
Modi said with initiatives like de-licensing, de-regulation, export promotion, foreign investment liberalisation, the government has taken several measures to give the defence manufacturing sector a boost.