India Post News Paper

Blog

 Breaking News

Rajnath Singh calls on French defence industry to make India its production base

Rajnath Singh calls on French defence industry to make India its production base
October 10
11:08 2019

PARIS: Defence Minister Rajnath Singh Wednesday made a clarion call for French companies to make India their base for the production of defence equipment, not only for India’s large market but also for export to other countries.

At the conclusion of his three-day visit to France, the minister addressed CEOs of leading French defence industries and called on them to collaborate in modernising India’s shipyards and defence platforms through the infusion of technology.

“We have undertaken significant economic reforms to improve the ease of doing business and opening up the economy for investments. Our government under the leadership of our Prime Minister Modi has opened up defence sector manufacturing to a large extent under the ‘Make in India’s initiative’,” he said.

Singh underlined the significance of the implementation of a single Goods and Services Tax across India, the biggest tax reform since its independence. “We have recently reduced our corporate tax significantly. For Make in India’ in defence if there is need for further tax rationalisation, it may be considered suitably,” he said.

The minister applauded the French companies for regularly participating in DefExpos organised in India with great energy and enthusiasm. He extended a special invitation to French firms to participate in DefExpo 2020, which will be held in Lucknow from February 05 to 08 next year.

“Lucknow happens to be a city of rich culture and heritage and the French people are known to be highly appreciative of great cultures. Lucknow is the capital of Uttar Pradesh, which is also a land of new opportunities, he said.

During the deliberations with the CEOs, the minister highlighted India’s substantial requirement of aero engines both in civil and military domains. He requested French OEMs to consider exploring the development of an aero engine complex on a government-to-government basis, highlighting that French companies could leverage from advantages in India such as low wages and availability of technical manpower.

India’s Ambassador to France, Vinay Kwatra, gave the welcome address and Additional Secretary, Ministry of Defence, Barun Mitra gave a presentation on DefExpo 2020. Dr Ajay Kumar, Defence Secretary, also addressed the CEOs. PTI

Comments

comments

About Author

India Post Newspaper

India Post Newspaper

Related Articles

E-paper Latest Edition

Casino Bonus

50 SPIRITUAL APPETIZERS – VINOD DHAWAN

50-ad-Indiapost

It’s a lovely book. It feels energetically clear and light. It’s easy to read, dip in and out and most importantly it offers information without fluff! Blessings on this project.

Jac O’Keeffe
Spirituality teacher based in USA.

*Available on Amazon, Flipkart & other online stores*

ADVERTISEMENT – JOBSORA- FIND A JOB NOW!

Jobsora Jobs

POPULAR CATEGORIES

Download Media Kit

India Post Media Kit