NEWS | DIGEST: MILITARY: ASIA PACIFIC
The Minister of Defence Rajnath Singh jointly inaugurated the ‘India-Russia Defence Industry Cooperation Conference’ with Russian Minister of Industry and Trade Denis Manturov in Moscow. While addressing the CEOs of Original Equipment Manufacturers (OEMs) from Russian Defence Industry after the inauguration of the conference, Rajnath Singh called upon the Russian Defence Industry to jointly manufacture defence platforms and equipment with India that will give a massive boost to the nations’ exports to third countries. Government of India is encouraging OEMs to partner with Indian entities making use of the ‘Make in India’ initiative. He urged the Industry leaders to make use of the significant economic reforms undertaken by the Government to improve ease of doing business and opening up the defence manufacturing sector for foreign participation. He added that “We have set up defence industry corridors in Uttar Pradesh and Tamil Nadu and offer attractive terms for investment. India is ready to explore opportunities and coproduction of high-end defence equipment with Russia”.