SME Times is powered by   
Search News
Just in:   • FM Sitharaman embarks on Bhutan visit to deepen economic, developmental cooperation  • Trump, Xi agree on one-year rare earth supply deal amid easing trade tensions  • Adding more women in STEM sectors imperative for Viksit Bharat vision  • Indian Airforce team to dazzle skies over Statue of Unity on Rashtriya Ekta Diwas  • US Fed rate cut clear signal for RBI to follow suit in next MPC: Experts 
Last updated: 12 Oct, 2019  

msme-THMB-2010.jpg 'MSMEs need to be integrated into defence mfg ecosystem'

SME.Defence.Aerospace.9.jpg
   Top Stories
» FM Sitharaman embarks on Bhutan visit to deepen economic, developmental cooperation
» Trump, Xi agree on one-year rare earth supply deal amid easing trade tensions
» Adding more women in STEM sectors imperative for Viksit Bharat vision
» US Fed rate cut clear signal for RBI to follow suit in next MPC: Experts
» Indian stock markets open lower as US Fed announces rate cut
SME Times News Bureau | 11 Oct, 2019

Subhash Chandra, Secretary, Department of Defence Production (DDP), Ministry of Defence today said that the MSMEs and start-ups need to be integrated into the defence manufacturing ecosystem.

They also need to be encouraged not just by the defence public sector companies but also the armed forces, he added.

Speaking at the seminar on 'ARMY MAKE PROJECTS - 2019' organized by FICCI, jointly with the Indian Army, Chandra said, "MSMEs across the globe have in many ways also been the drivers of change and innovative solutions. That is where we feel our entire ecosystem must come together to support the larger manufacturing environment."

He emphasized that collaboration between industry and defence is the need of the day, and pointed out that the DDP would extend all possible support to sort out industry concerns.

"Industry concerns have also been taken into consideration and demystifying of work processes will come only through interactions. The three-armed forces also need to open their doors for discussions with the industry," he added.

Lt Gen Manoj Mukund Naravane, Vice Chief of the Army Staff, Indian Army said that the government is committed to Indianization and Make in India. "We have the capability but unfortunately we have not built upon it, or we have not changed with time. Now is the time to once again build up the inherent capability to become self-reliant," he said.

To reduce the import dependence, the Vice Chief of the Army Staff stressed upon the need for higher spending on research and development (R&D). "We will be able to proceed only if we spend on R&D. That has been our greatest weakness. Unless we invest in R&D, unless we think of future generation requirements, we will always be playing catch-up," he added.

JD Patil, Chairman, FICCI Defence Committee and Whole Time Director and Member of the Board, Larsen and Toubro, said that the government, armed forces and industry have to come together to achieve the desired goal of the MAKE process.

He added that the industry needs fundamental platforms, and technological products to be done in India.

"From 1991 the whole of Indian industry dramatically grew to become, in certain sectors, the largest in the world. If that can happen in the industry, so can happen in defence," he said.

Col HS Shankar (Retd), Member, FICCI Defence Committee and Chairman and Managing Director, Alpha Design Technologies Private Limited, said, "In MAKE-II, the risk is with the industry and not with the services. We need the services to make quick decisions."

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
₹88.70
₹87
UK Pound
₹119.90
₹116
Euro
₹104.25
₹100.65
Japanese Yen ₹59.20 ₹57.30
As on 30 Oct, 2025
  Daily Poll
Who do you think will benefit more from the India - UK FTA in the long run?
 Indian businesses & consumers.
 UK businesses & consumers.
 Both will gain equally.
 The impact will be negligible for both.
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter