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State keen to set up defence component units
A private company has approached the state government to set up a Rs 600-crore plant in south Gujarat to manufacture defence components, Arvind Agarwal, MD Gujarat Industrial Development Corporation (GIDC) said on Tuesday.
He was speaking at a seminar on Emerging Opportunities in the Defence Sector and Emerging Areas for the Private Sector in Ahmedabad today. He, however, did not reveal the name of the company citing security reasons.
Although Gujarat has a sizeable presence of manufacturing units, none of them cater to the defence sector. At present, 70 per cent of Indias defence requirements are met through imports. But a latest policy aims to reverse this trend and make the country self-reliant in defence manufacture.
State Energy Minister Saurabh Patel said the government and entrepreneurs in Gujarat are very keen on exploring the possibilities for setting up joint ventures with overseas companies supplying defence equipment to India by way of capital and technology inflows.
We are ready to support the Ministry of Defence. We can even have an SEZ exclusively for defence component manufacturing in the state. We are formulating a new policy on defence production, he said.
Agarwal added that Gujarat-based companies are manufacturing a lot of components for the Indian Navy. For instance, Elecon, a Vadodara-based company, has been making gearboxes for the Navy.
The new Defence Procurement Policy of the Union government provides for direct participation by Indian companies in defence tenders.
State keen to set up defence component units
A private company has approached the state government to set up a Rs 600-crore plant in south Gujarat to manufacture defence components, Arvind Agarwal, MD Gujarat Industrial Development Corporation (GIDC) said on Tuesday.
He was speaking at a seminar on Emerging Opportunities in the Defence Sector and Emerging Areas for the Private Sector in Ahmedabad today. He, however, did not reveal the name of the company citing security reasons.
Although Gujarat has a sizeable presence of manufacturing units, none of them cater to the defence sector. At present, 70 per cent of Indias defence requirements are met through imports. But a latest policy aims to reverse this trend and make the country self-reliant in defence manufacture.
State Energy Minister Saurabh Patel said the government and entrepreneurs in Gujarat are very keen on exploring the possibilities for setting up joint ventures with overseas companies supplying defence equipment to India by way of capital and technology inflows.
We are ready to support the Ministry of Defence. We can even have an SEZ exclusively for defence component manufacturing in the state. We are formulating a new policy on defence production, he said.
Agarwal added that Gujarat-based companies are manufacturing a lot of components for the Indian Navy. For instance, Elecon, a Vadodara-based company, has been making gearboxes for the Navy.
The new Defence Procurement Policy of the Union government provides for direct participation by Indian companies in defence tenders.
State keen to set up defence component units
