Defence Minister Rajnath Singh has said that the government is further working to expand the Positive Indigenization List of 208 items to 1,000 items. He was speaking at the FICCI’s Annual Convention & 94th AGM on the theme ‘India Beyond 75’ held on Saturday, December 18. “In this decade, we will bring increase the items under the Positive list for Indigenization from current 209 to over 1000. The government now looks at the private industry as their partners and in fulfilling the objective of attaining Atmanirbhar Raksha Utpadan,” Singh said. He emphasized that with the current reforms undertaken by the government, the Indian defence and aerospace sector is likely to reach Rs 5 lakh crore by the year 2047 from the current 85,000 crore.
Pinaka-ER Multi Barrel Rocket Launcher System jointly designed by laboratories of DRDO - Armament Research & Development Establishment, Pune and High Energy Materials Research Laboratory, Pune, successfully tested at Pokharan range.
India successfully tested multi-barrel rocket launcher system with extended range at Pokharan range, on Saturday. Defence Research and Development Organisation (DRDO) in a statement said that successful tests of Pinaka Extended Range (Pinaka-ER), Area Denial Munitions (ADM) and indigenously developed fuzes have been carried out at various test ranges. The system is jointly designed by laboratories of DRDO - Armament Research & Development Establishment (ARDE), Pune and High Energy Materials Research Laboratory (HEMRL), Pune.
Tribhuvan Darbari, MD & CEO Texmaco Defence Systems Pvt. Ltd. (Adventz Group) said that there is a huge scope for prospective and additional manufacturing of Russian military equipment in India within the concept 'Make in India'. Tribhuvan Darbari further said that India and Russia have shared a mutually beneficial relationship based on trust and friendship honed over 70 years now and the ties between both the countries are strong enough to navigate through complexities and pressure.
Defence Minister Rajnath Singh on Friday said India will soon be manufacturing 90 per cent of the defence products it needs within the country and by 2024-2025, it will also export such products worth USD 5 billion. Tribhuvan Darbari, MD & CEO Texmaco Defence Systems Pvt. Ltd. said that under the leadership of Hon'ble Prime Minister of India Shri Narendra Modi & Hon'ble Minister of Defence Shri Rajnath Singh, the Indian Government has tried to boost the 'Make in India' policy in defence manufacturing.
Tribhuvan Darbari MD & CEO Texmaco Defence Systems says that the purchase of the S-400 Triumf Missile System has also become the center of debate because of the possibility of India being sanctioned by the United States (US) under the Countering America's Adversaries Through Sanctions Act (CAATSA).
With collaborative efforts of entities from all over the world, the defence exports have grown by 334% in the last five years and India now is exporting to more than 75 countries, Defence Minister Rajnath Singh said on Monday appreciating the efforts of the industry and thanking the foreign aerospace and defence companies for investing in the sector.