ENA Sectors 2023-02-14 16:30:45 <p><span style="font-size:14px"><strong>New Delhi, Feb 14 (KNN)</strong> Raksha Mantri Rajnath Singh on Tuesday invited CEOs of Original Equipment Manufacturers (OEMs) to become a part of the Indias defence growth story.</span></p> <p><span style="font-size:14px">During a meet on the side-lines of the 14th Aero India, Singh highlighted that India offers significant advantages of competitive land costs, skilled human capital, a vibrant start-up ecosystem and a huge domestic defence market to the global defence industry.</span></p> <p><span style="font-size:14px"><strong><a href="https://bit.ly/3B9mZSj"><img alt="FOLLOW US on GOOGLE NEWS" src="https://knnindia.co.in//uploads/gallery/GoogleNews.jpg" style="border-style:solid; border-width:1px; height:95px; margin:1px; width:299px" /></a></strong></span></p> <p><span style="font-size:14px">He described this as a win-win situation where defence manufacturing companies from across the world can become a part of the Indian growth story.</span></p> <p><span style="font-size:14px">There are opportunities to co-develop, co-produce, integrate and strengthen supply chains, from Joint Ventures, set up manufacturing in India and make for the world, he said.</span></p> <p><span style="font-size:14px">As per the official statement, the defence minister assured the CEOs that government will take all measures to remove regulatory hurdles for private industry.</span></p> <p><span style="font-size:14px">During the Interaction, Singh emphasised on the incentives given by Uttar Pradesh and Tamil Nadu state governments for investment in Defence Industrial Corridors, central government policies promoting FDI and defence manufacturing in India, the strong legal system protecting stakeholders' interests and improvements in ease of doing business.</span></p> <p><span style="font-size:14px">The meeting was attended by CEOs and senior management of General Atomics, Safran, Boeing, Embraer and Rafael Advanced Defence Systems.</span></p> <p><span style="font-size:14px">Defence Secretary Giridhar Aramane, DG (Acquisition) Pankaj Agrawal, Additional Secretary, Defence Production T. Natarajan and other senior officials of the Ministry of Defence were also present. <em><strong>(KNN Bureau)</strong></em></span></p> 32305 https://knnindia.co.in/news/newsdetails/sectors/defence-minister-rajnath-singh-invites-global-oems-to-set-up-manufacturing-units-in-india 2023-02-14 16:30:45 knnindia.co.in