SME Times News Bureau | 17 Jun, 2019
Jaju, JS (DIP), Department of Defence Production Ministry of Defence,
Government of India today said that government will, within a month,
launch new 'Open General Export License' scheme to boost Indian defence
at the 'Workshop for Defence Export Promotion' organised
by FICCI, Jaju said through the new license industry will be
able to access international market and make the products more competitive. He
further said that the production will also become better, both qualitatively
and will also provide value for money for Indian customer.
are working on launching the Open General Export License where the entire
process of taking permission from government will also be further reduced,"
stated that Indian exporters need to diversify the product line to be
is important for us to now look at platforms and while looking at these
platforms, it is important that we are competitive and able to provide good
value for money to the buyer," he added.
highlighting the potential of defence exports, Mr Jaju stated that Indian
manufacturing economy is likely to reach USD 1 trillion in next five years of
which he expects USD 25 billion would come from the defence sector and further
USD 5 billion to be generated by exports.
Rear Admiral Atul Khanna, Additional Director General Quality Assurance
(Naval), DGQA, Ministry of Defence said that the Indian defence industry is
currently undergoing through a tectonic phase.
side is moving much faster and the catch-up between demand and production is
not happening. Given the policy level changes happened over last 5 years, next
decade is going to turn the tides," he added.
Cmde Mukesh Bhargava, Member - National Defence Committee of FICCI and
ED & Member of Board, L&T Defence said that one of the major
challenges faced by the private defence industry while exporting is the
question of the value of goods sold to our own forces.
further said that Defence is a priority sector for the government under the
Make In India plan.