Prime Minister Narendra Modi on Monday outlined that the country now has to step out from an import-dependent status and fast track its defence manufacturing capabilities as third-world nations with relatively small economies will look forward to India for their defence needs.
“The changes in the world order that we are observing have made smaller nations aware of the need to strengthen their defence. Defence is one of the primary concerns for these countries. It is natural for these nations to look forward to India to help these nations strengthen their defence capabilities,” the Prime Minister said.
PM Modi further added, “We have the ability of low-cost manufacturing and we also are able to deliver quality products. We are playing an important role through our rising defence manufacturing sector and there are opportunities to further help these nations with our defence equipment manufacturing abilities.”
The Prime Minister, while addressing the webinar on effective implementation of budget provisions in the defence sector, outlined that India is manufacturing defence equipment to more than 40 nations. He said that the focus should be on making India one of the largest defence exporters.
He highlighted that startups and medium and small enterprises (MSMEs) are working hard to provide the requisite tools needed to achieve these targets.