To push the Make in India initiative in the defence sector and lend a helping hand to the private sector and MSMEs, the Ministry of Defence (MoD)has started identifying projects that can be handed over to them. Sources have confirmed to Financial Express Online that “The MoD has started the process of identifying protects which can be fast-tracked and produced locally in India. This will not only help save the funds but will also help our MSMEs and the private sector.”
Some projects including guns for the Indian Army, 83 Light Combat Aircraft for the Indian Air Force, small and big boats for the Indian Navy are being produced here in India. However, critical technologies which have been designed and developed by the Ordnance Factory Board and the Defence Research and Development Organisation can gradually be shared with the private sector and MSMEs.
Helping MSMEs & Private Sector
A senior officer of Society of Indian Defence Manufacturers (SIDM) told Financial Express Online that “Majority of MSMEs can take up “build to print” kind of manufacturing projects at part, component, sub-system level.