Rajnath Singh's Vision: Boosting Private Sector Role in India's Defence Production

Defence Minister Rajnath Singh emphasizes expanding the private sector's role in India's defence production, targeting 50% contribution. He advocates for indigenization and self-reliance while highlighting government initiatives to encourage private industry participation and reduce import dependency.

Defence Minister Rajnath Singh has issued a call to action for India's private sector, aiming for it to contribute at least 50% of the nation's total defence production. Speaking at a Society of Indian Defence Manufacturers event, Singh underscored the ongoing significance of a robust defence industrial base, as highlighted by the Russia-Ukraine conflict.

Singh pointed out that India, previously dependent on defence imports, is making strides towards boosting exports. He emphasized the need to balance imports and exports with a target-driven approach, reaffirming the government's commitment to fostering self-reliance and rapid sectoral development.

The minister discussed various government initiatives, including the corporatisation of the Ordnance Factory Board and the creation of defence corridors, as essential steps to enhance private sector involvement. With record growth in defence production value, Singh highlighted the substantial untapped potential for industry collaboration and innovation.

(With inputs from agencies.)