India as defence manufacturing hub |
India`s military preparedness, which has to be fully backed by indigenous manufacture of weapon systems and platforms through a healthy competition between the public and private sectors, is the best deterrent to guarantee peace in the region. No country can indefinitely win wars and battles only on the strength of trying to buy or import equipment from outside. Its security preparedness would be incomplete if it relies only on that, according to defence minister Arun Jaitley.Speaking at an awards function for defence PSUs, in the backdrop of the government recently finalising the "strategic partnership (SP)" policy to expand the Indian private sector`s role in defence production, Jaitley stressed the need for India to "unleash its own potential" to become an arms-manufacturing hub. Under the SP policy, selected Indian private sector companies will partner with global armament companies to jointly manufacture fighter jets, helicopters, submarines and armoured vehicles like tanks under the "Make in India" framework. A healthy competition between defence PSUs and the private sector will certainly bring out the best potential. Competition is always the best guarantee for competence, for efficiency, for price control. It also provides you multiple opportunities and options, Jaitley added.
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