The work of the Army is to fight battles, to protect the country. You make necessary equipment for the Army. Air Vice Marshal Shri Rajeev Ranjan said this in the session “Aerospace and Defence” of the Global Investors Summit in Indore. Shri Ranjan said that there is no dearth of money for the work.
About 68 percent of the defense budget is for local manufacturing. The window is open for private investors to manufacture equipment related to the defense sector. You should come forward in this field by taking advantage of the policies of the government and end the dependence on import of equipment.
Ranjan said that at present the defense equipment being manufactured in India are no less than any other country. He said that there are favorable conditions for investors in Madhya Pradesh. Sufficient raw material and skilled work force is available here.
Joint President and Head Land Systems Defense and Aerospace Adani Group Ashok Wadhawan said that we had first started manufacturing defense equipment from Malanpur in Madhya Pradesh. We make pistols and machine guns and other equipment here.