ASSERTING that India has embarked on the journey to achieve the goal of an inclusive and developed country, President Droupadi Murmu said on Friday that the indigenous industries have a huge role in building a self-reliant, competitive, robust economy. She said the Government has taken several policy initiatives in the last few years and brought in reforms to encourage indigenous design, development and manufacturing of defence equipment. The President was addressing the officers of the Indian Ordnance Factories Service and probationers of the Indian Defence Accounts Service (IDAS), who had called on her at the Rashtrapati Bhawan here.
“India has embarked on the journey to achieve the goal of an inclusive and developed nation. You all know that the indigenous industries have a huge role in making a self-reliant, competitive and robust economy,” she said. Initiatives, such as according priority to procurement of capital items from domestic sources under the Defence Acquisition Procedure-2020, simplification of the industrial licensing process, liberalisation of the foreign direct investment (FDI) policy, launch of Mission DefSpace, launching the SRIJAN portal to facilitate indigenisation and establishment of two defence industrial corridors, are aimed at achieving self-reliance in the defence sector, she said.
Murmu said the officers will be the movers and facilitators of indigenisation in defence systems and would be expected to work towards enhancing the country’s defence-production capabilities. “We know that India’s defence exports have risen from Rs 686 crore in FY 2013-14 to nearly Rs 16,000 crore in FY 2022-23. India’s defence exports have reached more than 85 countries and India’s defence industry has shown the world its capability in design and development,” she said.