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Prime Minister Narendra Modi tackles webinar on effective implementation of budgetary regulations in the defense sector | India’s Education, Education News India, Education News

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Prime Minister Shri Narendra Modi chairs a meeting to consider preparing for the Covid-19 pandemic in New Delhi on July 11, 2020.

New Delhi: Prime Minister Narendra Modi addressed a webinar on the effective implementation of the United Budget Clause in today’s defense sector. In his speech, the Prime Minister said webinar was very important as it focused on the important issue of self-reliance in the country’s defense sector.

Shrina Narendra Modi said there were hundreds of weapons factories before independence. In both World Wars, large-scale weapons were exported from India. However, for many reasons, the system is not as strong as it should have been after independence.

The Prime Minister said his government relied on the capabilities of our engineers and scientists in the development of Tejas fighters, and today Tejas is flying gracefully. A few weeks ago, I ordered an Rs equivalent. 48,000 chlores have been placed for Tejas.

He said it has been a government effort since 2014 to move forward in this sector with transparency, predictability and business ease. Mr Shrimoid said the government is taking steps to lift licenses, deregulate, promote exports and liberalize foreign investment.

The Prime Minister further stated that India has created a list of 100 important defense-related items. These items can be manufactured in your own country with the help of local industry. He said the timeline has been set up so that our industry can plan to meet these requirements.

He said it is called a negative list in official language, but a positive list in an independent language. This is a positive list of increasing national manufacturing capacities. This is a positive list that creates jobs in India. This is a positive list that will reduce India’s dependence on foreign countries for our defense needs. This is a positive list that guarantees the sale of indigenous products in India.

The prime minister also said that some of the defense capital budget was reserved for domestic procurement. He urged the private sector to take on both the design and manufacture of defense equipment so that the Indian flag could fly high on the world stage.

He said MSME acts as the backbone of the entire manufacturing sector. The reforms underway today give MSME more freedom and encourage it to expand.

The prime minister said the defense corridors being built in the country today would also help local entrepreneurs and local manufacturers. So, today, self-sufficiency in our defense sector must be seen as the empowerment of these two fronts: “Jawan and Youth.”

Prime Minister Narendra Modi tackles webinar on effective implementation of budgetary regulations in the defense sector | India’s Education, Education News India, Education News

Source link Prime Minister Narendra Modi tackles webinar on effective implementation of budgetary regulations in the defense sector | India’s Education, Education News India, Education News

Read more at indianewsrepublic.com

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