26.3 C
Delhi
Monday, September 28, 2020

Atmanirbhar Bharat for resilient economy, will work toward world peace: PM

- Advertisement -

Three Covid Vaccine from India in testing phase, mass production soon: PMNew Delhi, Aug 27 (IANS) Prime Minister Narendra Modi made an unscheduled address to the captains of the Indian defence industry to assure them that Atmanirbhar Bharat (Self-reliant India) is not an inward looking idea but is for a stable global order.

“Atmanirbhar Bharat will make the global economy resilient, stable, and will work towards world peace. India has potential to be a supplier of defence equipment to friendly countries. India will be a net security provider in IOR (Indian Ocean Region,” Modi said.

He was addressing all defence stakeholders during a webinar organised by the Federation of Indian Chambers of Commerce and Industry (FICCI), jointly with the Department of Military Affairs (DMA), Ministry of Defence on ‘Atmanirbhar Bharat – Defence Industry Outreach Webinar’.

He also addressed the concerns of foreign investors in India. “For long, FDI was not allowed in the defence sector. Our government came and made changes. For the first time, 74 percent of FDI has been allowed. We have opened the doors. For decades, ordnance factories were running without focus and the country was incurring loss. The echo system was limited. We are now corporatising ordnance factories.”

Modi said that the government is committed to Make in India a success and make India an export hub. “Our government has taken several reform measures like a bankruptcy code, ease of business etc… Ending red tapism and spreading red carpet is our motto,” Modi said.

Appreciating Union Defence Minister Rajnath Singh for creating a platform for all the stakeholders to make India self reliant in the defence sector, the Prime Minister said that the deliberation that is happening in defence sector will give more strength to the commitment of making India self reliant. Modi also said that Rajnath Singh is working in mission mode.

Modi said, “India for ages has been a big importer of defence equipment. India has potential however it is very far away from other countries in defence production. Unfortunately, earlier India never focused on this sector.”

The prime minister said that the earlier government never took defence production seriously and treated it as a routine subject.

He said, “In the last few years, we have been making all attempts to boost manufacturing in this sector and promoting private sector participation…We have taken various reform measures and it will continue..”

“Procurements after creation of Chief of Defence Staff have been streamlined,” the Prime Minister emphasised.

He pointed out that India’s foreign partners will prefer production of products in India as a better eco system is being provided to them.

Source: IANS

India Updates
India Updates is an independent news & Information website. Follow us for regular updates on News and Information.

Follow Us On

Related News

Bigger screens to drive global tablet sales to 161mn units in 2020

New Delhi, Sep 28 (IANS) The consumers are switching to larger displays and as a result, global tablet sales are expected to increase 1...

To make India a toy hub, govt to impose non-tariff barriers on toy imports

New Delhi, Sep 28 (IANS) In line with its ambitious plan to make India a toy hub and self-reliant in the segment, the Union...

Companies re-aligning business models to adapt Aatmanirbhar Bharat

New Delhi, Sep 28 (IANS) With the pitch for an Aatmanirbhar Bharat along with the compulsions of a pandemic-stricken economy becoming a reality, many...

‘Best before date’ made compulsory for sweets from Oct 1

New Delhi, Sep 27 (IANS) While buying sweets, you must now check the 'Best before date' as it has been made compulsory for the...

PM Modi encouraged people to take up storytelling

New Delhi (ANI): After discussing and reaffirming the importance of storytelling in his radio programme 'Mann Ki Baat', Prime Minister Narendra Modi on Sunday...

Herd immunity still far off, don’t get complacent: Health Min

New Delhi, Sep 28 (IANS) Union Health Minister Harsh Vardhan on Sunday cautioned that the ICMR's Sero survey report should not create a sense...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Trending Topics In India

Covid 19 India Updates

Herd immunity still far off, don’t get complacent: Health Min

New Delhi, Sep 28 (IANS) Union Health Minister Harsh Vardhan on Sunday cautioned that the ICMR's Sero survey report should not create a sense...

Herd immunity still far off, don’t get complacent: Health Min

New Delhi, Sep 28 (IANS) Union Health Minister Harsh Vardhan on Sunday cautioned that the ICMR's Sero survey report should not create a sense...

Will Govt have 80,000 crores available over the next one year?, saks Adar Poonawalla

New Delhi, Sep 26 (IANS) Rs 80,000 crore will be the cost of vaccinating everyone in India with the Covid-19 vaccine whenever it is...

Centre puts price caps on medical oxygen after shortage reports

New Delhi, Sep 26 (IANS) In order to deal with shortage of medical oxygen and the resultant increase in prices in the country, the...

Huge infrastructure build-up helped India recovery rate: Dr Harsh Vardhan

New Delhi, September 26 (ANI): Union Health Minister Dr Harsh Vardhan on Friday said that huge infrastructure build-up to counter the COVID -19 situation...

Aarogya Setu loses sheen as downloads drop

New Delhi/Noida, Sep 25 (IANS) Prashant Kumar who lives in Noida sector 143 often goes to a nearby mall-cum-office complex with his family for...

Trending News In India

‘Best before date’ made compulsory for sweets from Oct 1

New Delhi, Sep 27 (IANS) While buying sweets, you must now check the 'Best before date' as it has been made compulsory for the...

To make India a toy hub, govt to impose non-tariff barriers on toy imports

New Delhi, Sep 28 (IANS) In line with its ambitious plan to make India a toy hub and self-reliant in the segment, the Union...

Companies re-aligning business models to adapt Aatmanirbhar Bharat

New Delhi, Sep 28 (IANS) With the pitch for an Aatmanirbhar Bharat along with the compulsions of a pandemic-stricken economy becoming a reality, many...

‘Best before date’ made compulsory for sweets from Oct 1

New Delhi, Sep 27 (IANS) While buying sweets, you must now check the 'Best before date' as it has been made compulsory for the...

PM Modi encouraged people to take up storytelling

New Delhi (ANI): After discussing and reaffirming the importance of storytelling in his radio programme 'Mann Ki Baat', Prime Minister Narendra Modi on Sunday...

Herd immunity still far off, don’t get complacent: Health Min

New Delhi, Sep 28 (IANS) Union Health Minister Harsh Vardhan on Sunday cautioned that the ICMR's Sero survey report should not create a sense...

Trending Showbiz

NCB quizzes Deepika, Sara, Shraddha in drug case related to SSR death

Mumbai, Sep 26 (IANS) The Narcotics Control Bureau (NCB) on Saturday questioned Bollywood divas Deepika Padukone, Sara Ali Khan, Shraddha Kapoor for several hours...

‘CBI delay in converting abetment to suicide to murder frustrating’

Mumbai, Sep 25 (IANS) Vikas Singh, family lawyer of late actor Sushant Singh Rajput, on Friday stated that the delay being by Central Bureau...

NCB questions Rakul, Deepika’s ex-manager, Dharma Productions honcho

Mumbai, Sep 25 (IANS) The Narcotics Control Bureau (NCB) on Friday is questioning Bollywood actor Rakul Preet Singh, Dharma Productions executive producer Kshitij Ravi...

Famed singer S.P. Balasubrahmanyam succumbs to Covid-19

Chennai, Sep 25 (IANS) Famed playback singer and Padma awardee S.P. Balasubrahmanyam, or popularly SPB or Balu in the movie world and who has...

WhatsApp clarifies after probe agencies retrieve chats

New Delhi, Sep 25 (IANS) The Narcotics Control Bureau (NCB) cloned the mobile phones of Rhea Chakraborty and others, which gave them access to the WhatsApp chats...

Trending Sports

Sensational Tewatia hits five sixes in an over as RR defeats KXIP

Sharjah, Sep 28 (PTI) Rahul Tewatia struck five sixes in an over at the fag end of the match as Rajasthan Royals recorded the...

Gill stars as clinical KKR thrash SRH by 7 wkts

Abu Dhabi, Sep 27 (IANS/GloFans) Opener Shubhman Gill's unbeaten 70-run knock along with Eoin Morgan's 42 not out guided Kolkata Knight Riders (KKR) to...

I am surprised Sanju Samson is not representing India in all formats, says Warne

Dubai, Sep 27 (PTI) Spin legend Shane Warne on Saturday expressed his "surprise" that wicketkeeper-batsman Sanju Samson is not playing for India across formats.Samson...

Shaw and Rabada propel Delhi to big win over Dhoni’s CSK

Dubai, Sep 26 (IANS/GloFans) In yet another dismal show, three-time IPL champions Chennai Super Kings (CSK) suffered a 44-run defeat against a charged-up Delhi Capitals (DC) here on...

KL Rahul’s record-breaking ton blows RCB away

Dubai, Sep 25 (IANS/GloFans) Captain K.L. Rahul on Thursday shattered a few IPL records with a blistering 69-ball 132 not out -- the highest individual...

Sat on bench for hours after losing in 1992 Oly quarters, reveals Paes

New Delhi, Sep 25 (IANS) Eighteen-time Grand Slam champion Leander Paes made history in 1996 when he became the first Indian tennis player to...

Latest Trending News In India

Bigger screens to drive global tablet sales to 161mn units in 2020

New Delhi, Sep 28 (IANS) The consumers are switching to larger displays and as a result, global tablet sales are expected to increase 1...

To make India a toy hub, govt to impose non-tariff barriers on toy imports

New Delhi, Sep 28 (IANS) In line with its ambitious plan to make India a toy hub and self-reliant in the segment, the Union...

Companies re-aligning business models to adapt Aatmanirbhar Bharat

New Delhi, Sep 28 (IANS) With the pitch for an Aatmanirbhar Bharat along with the compulsions of a pandemic-stricken economy becoming a reality, many...

‘Best before date’ made compulsory for sweets from Oct 1

New Delhi, Sep 27 (IANS) While buying sweets, you must now check the 'Best before date' as it has been made compulsory for the...

PM Modi encouraged people to take up storytelling

New Delhi (ANI): After discussing and reaffirming the importance of storytelling in his radio programme 'Mann Ki Baat', Prime Minister Narendra Modi on Sunday...