Nagpur: Defense Minister Rajnath Singh on Tuesday declared India India will emerge as a defense manufacturing center for the world.
Speaking at the ceremony of the Multi-Mode hand grenade to the Indian Army, in the eel premise in Nagpur, Singh said: “The speed used by our industry, contributing to defense production, exports increased from day to day, I am sure that I am sure, in the newspaper The same, it will be written, ‘India as a defense manufacturing center for the world’.
“” The transfer of important technology by the government is a big thing in itself.
For private sector companies, research and defense development organizations (DRDO) play the role of incubators and have provided Free technology transfer, access to testing facilities and free access to more than 450 patents, “he said.
The minister added not only the transfer of technology that was free of charge, but the provisions of funding upfront to RS 10 Crore under the ‘Technology Development Fund’ have also been made by Drdo for technology development.
“” To innovate new technology, solving problems related to defense and aerospace, and beginners, ‘innovation for defense excellence’ or ‘IDX’ has also been launched, “he added.
Just like multi-mode grenades, many products like ‘Arjun-Mark – 1 ‘Tank,’ unmanned surface vehicle ‘,’ See through armor ‘has begun to fully produce, the defense minister added.
Technology is one of the main needs of any industry in today, the Minister said, added that “today is dominated by these nations, the dominance is on technology.
Because it becomes obsolete very quickly, it takes a lot to maintain our dominance in this field.
“” I was told that the industry sometimes spend up to 80-90 percent in their R & D, product costs are only 10-20 per cent.
In such situations, it is a very difficult task to develop technology for new new industries, “Minister of Defense said.
Rajnath Singh hopes India will appear as a Hub manufacturing defense for the world
