LIVE TV DownloadNews18 App
News18 English
»
1-min read

Need to Make India Defence Manufacturing Hub: Arun Jaitley

Defence Minister Arun Jaitley on Sunday batted for making India a defence manufacturing hub, saying it is essential to deal with various security challenges like insurgency effectively.

PTI

Updated:May 28, 2017, 7:25 PM IST
facebookTwittergoogleskypewhatsapp
Need to Make India Defence Manufacturing Hub: Arun Jaitley
File photo of Union Finance Minister Arun Jaitley . (Image: PTI)
Loading...

Pune: Defence Minister Arun Jaitley on Sunday batted for making India a defence manufacturing hub, saying it is essential to deal with various security challenges like insurgency effectively.

No country can secure itself by depending on others for its defence supplies, the minister said amid steps by the government to bring in private players in the sector.

"We cannot change our neighbours. And our neighbourhood has thrown up security challenges. We are facing insurgency and war for the last 70 years. Therefore, India needs to become an important defence manufacturing hub," he said at the 9th convocation of the Defence Institute of Advance Technology (DIAT).

"If the economy requires us to become a manufacturing hub, then security requires us to become a hub for defence manufacturing. This is the area where the country will have to use the vast resources it possesses.

"We will have to use the large number of academic institutions we have for training minds and cover up the critical gap that still exists," Jaitley said.

The country has institutions like IITs, DRDO labs and a large number of private institutes which can help it achieve the goal, the minister said.

In a veiled attack on the previous UPA government, he said the "conservative policies" of the past have hindered progress in the field of defence manufacturing.

"But the new India is a more confident India, it is not the defensive India. It is India, which is willing to globally integrate, share knowledge, get knowledge from outside," he said.

The government has broken away from the restrictive past to achieve the goal of self-reliance in defence, he said.

A total of 134 graduating students of the DIAT, an autonomous organisation under the DRDO, were awarded degrees on the occasion.

Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Jet Airways 254.10 12.41
Reliance 1,324.45 -1.29
REC 155.40 10.25
Maruti Suzuki 6,522.60 -0.46
HDFC 1,945.65 -1.81
Company Price Change %Gain
Infosys 735.80 -0.86
HDFC 1,945.75 -1.95
HDFC Bank 2,278.15 0.15
TCS 1,986.90 -0.89
Oberoi Realty 511.80 -0.76
Top Gainers
Company Price Change %Gain
IOC 164.35 4.65
ONGC 158.65 4.14
Coal India 237.20 2.26
HPCL 274.25 2.20
Power Grid Corp 202.00 1.76
Company Price Change %Gain
ONGC 158.50 3.90
Coal India 236.80 2.09
Power Grid Corp 201.60 1.56
NTPC 135.65 1.19
Bajaj Finance 2,852.85 0.56
Top Losers
Company Price Change %Gain
Zee Entertain 416.45 -4.23
Vedanta 168.25 -3.25
Bharti Infratel 306.60 -3.01
JSW Steel 278.80 -2.43
UPL 912.70 -2.38
Company Price Change %Gain
Vedanta 168.25 -3.28
Tata Motors 171.35 -2.31
Yes Bank 247.00 -2.18
M&M 664.30 -2.11
ICICI Bank 383.50 -2.07

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results