Defence Minister Rajnath Singh shakes hands with Minister of Industry and Trade of Russia Denis Manturov during a meeting in Moscow, Russia on Tuesday. (PTI)
FOCUSING on Prime Minister Narendra Modi’s ambitious ‘Make in India’ programme, Union Defence Minister Rajnath Singh on Tuesday urged Russian Defence Industry to jointly manufacture defence equipment with India to give a massive boost to the nations’ export to third countries. The request was made by Rajnath Singh, who is on three-day visit to Russia, while addressing CEOs of Original Equipment Manufacturers (OEMs) from Russian Defence Industry after jointly inaugurating ‘India-Russia Defence Industry Cooperation Conference’ with Russian Minister of Industry and Trade Denis Manturov in Moscow, Russia.
Rajnath Singh said that Indian Government was encouraging OEMs to partner with Indian entities making use of the ‘Make in India’ initiative. He urged the industry leaders to make use of the significant economic reforms undertaken by the Modi Government, to improve ease of doing business and opening up the defence manufacturing sector for foreign participation. “We have set up defence corridors in Uttar Pradesh and Tamil Nadu and offer attractive terms for investment. India is ready to explore opportunities and co-production of high-end defence equipment with Russia,” he said.