India’s military preparedness is the best deterrent, which will guarantee peace in the region, and it must significantly ramp up defence production keeping in mind geo-political dynamics.
Addressing a function in New Delhi, Defence Minister Arun Jaitley said, defence PSUs and private sector can have a healthy competition to develop military platforms and weapon systems and India must not rely heavily on imports.
In an oblique reference to Pakistan, Mr. Jaitley said, security requirements are dictated by the kind of neighbourhood India has.
Some of the defence public sector undertakings were given Raksha Mantri’s awards for their performance in 2014-15 and 2015-16 during the event.
The Minister referred to the strategic partnership model for involving leading domestic private sector firms along with foreign entities for defence production, and said, it will encourage defence manufacturing in the country.
Talking about the economy, Mr. Jaitley said, it has been logging impressive growth in the last three years. He said, India must expand its manufacturing sector to create job opportunities on a mass scale.