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Private sector has a major role in defence equipment manufacturing
PTI
PANAJI, March 17, 2010
The private sector would have a much bigger role to play in the production of defence equipment in the country, Defence Minister A.K. Antony said on Wednesday.
Addressing a press conference following the commissioning of an Indian Coast Guard Ship (ICGS) Vishwast at the Goa Shipyard Limited, Mr. Antony also said that India could no longer afford to depend on foreign defence equipment manufacturers.
India cannot indefinitely depend on foreign defence equipment manufacturers alone. We should make more space for Indian industries in both the private and public sector, the Defence Minister said, underlining the growing importance of the private sector in area of defence equipment production.
India should become an important weapons producing country. We should be able to supply defence equipment to the friendly countries, Mr. Antony said, adding that presently, the public sector could not shoulder the responsibility of manufacturing defence equipment on its own.
The Hindu : News : ‘Private sector has a major role in defence equipment manufacturing’
