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Govt encouraging strategic electronic industry: Minister
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SME Times News Bureau | 22 Apr, 2015
The government is trying to create conditions conducive for domestic
manufacturers, both public and private, to play an active role in the
domain of strategic electronics, Minister of State for Defence Rao
Inderjit Singh said on Tuesday.
"We are aiming at expediting
decision-making, as well as simplifying contractual and financial
provisions, to establish a level playing field for the Indian companies
to compete with foreign firms," Singh said while addressing the
'Keysight Aerospace and Defence Symposium' here.
"I believe there
are huge opportunities for collaboration and creation of joint ventures
in the defence electronics sector in India," he said.
The
minister added that aviation industry majors are keenly watching the
Indian market and scouting for working with and outsourcing to the
Indian companies as India is fast emerging as a centre for engineering
and design services.
"I believe the time is right for catapulting
India into the league of technologically-advanced nations and I invite
you all to respond to the call and move along with us on this cause of
Make in India," he said.
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