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Russia can take lead in Make in India for defence: Jaitley
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SME Times News Bureau | 22 Jun, 2017
Russian companies which have had a long experience in working with India
can take a lead role in participating in the Make in India programme,
Indian Defence Minister Arun Jaitley said on Wednesday.
"We have
initiated a series of policy and procedural changes to facilitate
tie-ups, including joint ventures and technology partnerships between
Indian and foreign companies. Russian companies, which already have a
long experience of working in India and working with India are well
placed to take a leading role in this process," Jaitley said about his
government's flagship programme at the plenary session of the 5th
International Forum for Technological Development TECHNOPROM in Novosibirsk (Russia).
"In
the days to come, we hope to fully harness the energies,
entrepreneurial spirit and enterprise of the private sector in the area
of defence manufacturing. Here again, Russia as India's largest, oldest
and most trusted partner in defence hardware and equipment, would have a
comparative advantage in partnering with Indian companies for realizing
'Make in India' potential in defence production," he said.
Jaitley
invited Russian companies to come forward with proposals for technology
transfer to Indian companies and facilitate manufacturing of more
advanced components and sub-systems.
"This can start with platforms of Russian origin where the requirement is in large numbers and is recurring in nature," he said.
Jaitley
cited as an incentive that industrial licensing for manufacturing of
defence equipments has been significantly liberalised and for
manufacturing of parts, components, sub-systems, production equipments
and testing equipments, no license is required from the government.
"Even
for the items for which license is required, the initial validity has
been increased from 3 years to 15 years. As a result of this liberal
approach, the presence of private companies in defence production sector
has risen manifold in last two years," he said.
Jaitley said
another area where Russian industry and business houses can join hands
with Indian companies is research and development.
"Russian
companies can be natural partners of the Indian companies as most of our
defence equipments and inventory are of Russian origin. A large
industrial base and supply chain can be created for manufacturing of
spare parts and components of such platforms to be made in India by
Indian companies either through transfer of technology form Russian OEMs
or through joint ventures between Indian and Russian companies," he
said.
The minister was attending the plenary session of "Make in
Russia: Double Purpose Industrialisation" of Technoprom-2017 at this
Russian city.
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