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Private sector participation is being emphasised in defence sector for first time: PM Modi

Ajeyo Basu

LAST UPDATED: Feb. 22, 2021, 11:53 a.m.

New Delhi: Prime Minister Narendra Modi said in a program related to the defence sector on Monday that for the first time after independence, emphasis is being given on increasing the participation of the private sector in the defence sector.

PM Modi said that there was a time when our own fighter aircraft Tejas had become a victim of bureaucratic red tape. 

“But our government relied on the capabilities of Tejas and this fighter aircraft is flying in the sky today. A few weeks ago an order of 48 thousand crores has been placed. Our soldiers had to wait a long time for bullet-proof jackets, but today we are not only making for our country but also increasing our capacity to make it for other countries as well,” PM Modi said.

Prime Minister Narendra Modi said that the government is working on improving ease of doing business to bring the private sector forward.

“The intervention of the government is much higher in the defense sector than in other sectors of the economy. The government is the only buyer. This sector is connected to national security. But at the same time, 21st century defense manufacturing cannot stand without a partnership with the private sector,” PM Modi said.

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