Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2014-02-07

Will create level-playing field for SMEs: AK Antony

During the inauguration of the DefExpo 2014, Defence Minister A.K. Antony on February 6 said efforts are being made to accelerate the pace of indigenisation in defence sector.

During the inauguration of the DefExpo 2014, Defence Minister A.K. Antony on February 6 said efforts are being made to accelerate the pace of indigenisation in defence sector.

 

He said, the government is encouraging joint public-private participation in defence sector, while thrust is also being given to the private sector to make a far more meaningful and substantive contribution.

 

"We must always be prepared to meet any challenge posed to our territorial integrity and sovereignty," he said.

 

The government is taking necessary steps to modernize the armed forces so that they are well-equipped with the best equipment, weapon systems and technology, Antony added.

 

He said regular reviews of the Defence Procurement Procedures (DPP) are being carried out with certain objectives in mind, among which balancing the competing requirements of expediting procurement, developing a robust base for indigenous defence sector and to adhere to the highest standards of transparency, probity and public accountability are some of them.

 

In the latest Defence Procurement Procedures approved in 2013, he said emphasis have been laid upon to provide a boost to the Indian defence industry, both in the public and private sector by according preference to the 'Buy' (Indian), Buy and Make (Indian) categories of acquisitions.

 

Minister of State for Defence Jitendra Singh said that with the recent changes in DPP, a huge opportunity has been thrown open before the Indian private sector to take initiatives and compete.

 

He said that a close interaction between the production agencies, research and development agencies and the users, the armed forces, is also an important aspect.

 

The four-day DefExpo showcases India's emergence as an attractive destination for investment in the defence sector and provides a platform for alliances and joint ventures in the defence industry.

 

A total of 624 companies from 30 countries are displaying weapon systems for the Army, Navy and Internal Security during the DefExpo, billed as the largest ever defence exposition in Asia.

 

Many products are expected to be launched by Indian and Foreign Companies during the exhibition. The Federation of Indian Chambers of Commerce and Industry (FICCI) is the event manager of the DefExpo 2014.

Related opportunities
  • Casual dine Restaurants
    About Us: Manbhavan means ‘pleasing mind’ and we do it by..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required 1400
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Nashik Maharashtra
  • Ice creams & Yogurt Parlors
    About Us: Gargi's Milkshakes, The one of newly introduced brand in..
    Locations looking for expansion Maharashtra
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • About Us: Exponential learning Pvt. Ltd. is an established institute based..
    Locations looking for expansion Rajasthan
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 2500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Jaipur Rajasthan
  • Quick Service Restaurants
    The company was incorporated in 2017 and is successfully since..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts