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PM addresses webinar on effective implementation of Budget provisions in defence sector

Published By : Admin | February 22, 2021 | 11:06 IST
We have to come out of the list of importing nations in the defence sector and become a major exporter in the sector: PM
We have tried to promote transparency, predictability and ease of doing business in the defence sector: PM
Centre has introduced reforms such as de-licensing, de-regulation, promoted exports and foreign investment liberalisation for the defence sector: PM

The Prime Minister Shri Narendra Modi addressed the webinar on effective implementation of the Union Budget provisions in the defence sector today. In his address, the Prime Minister said that the webinar assumes great significance as it is focusing on the important issue of making the country’s defence sector self-reliant.

Shri Narendra Modi said that there used to be hundreds of ordnance factories before independence. In both the world wars, weapons at large scale were exported from India. But, for many reasons, this system has not been strengthened as much as it should have been after independence.

The Prime Minister said that his government has relied on the capabilities of our engineers and scientists on developing the Tejas fighter aircraft and today Tejas is flying gracefully in the skies. A few weeks back, an order worth Rs. 48,000 crore was placed for Tejas.

He said that since 2014, it has been the government’s endeavor to move forward in this sector with transparency, predictability and ease of doing business. Shri Moid said the government has taken steps to bring about de-licensing, de-regulation, export promotion, foreign investment liberalization, etc.

The Prime Minister further said that India has made a list of 100 important items related to defence, which can be manufactured indigenously with the help of our local industries. He said a timeline has been set so that our industries can plan to meet these requirements.

He said it is called a negative list in the official language but it is a positive list in the language of self-reliance. This is the positive list on which the country’s manufacturing capacity is going to increase. This is the positive list that will generate employment in India. This is the positive list that is going to reduce India’s dependence on foreign countries for our defence needs. This is the positive list that guarantees the sale of indigenous products in India.

The Prime Minister said that a part has been reserved for domestic procurement even in the capital budget of defence. He urged the private sector to come forward and take up both designing and manufacturing of the defence equipment so that Indian flag can be kept flying high on the global stage.

He said that MSMEs work as a backbone for the entire manufacturing sector. The reforms that are taking place today are giving more freedom to MSMEs and encouragement to expand.

The Prime Minister said that the defence corridors that are being built in the country today will also help local entrepreneurs and local manufacturing. That is, today, self-sufficiency in our defence sector has to be seen as the empowerment of these two fronts – “Jawan as well as Youth”.

 

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Prime Minister hails India-UK Comprehensive Economic and Trade Agreement as a historic milestone for bilateral relations
June 17, 2026

The Prime Minister, Shri Narendra Modi, has expressed delight that the India-UK Comprehensive Economic and Trade Agreement will enter into force on 15 July 2026.

The Prime Minister said that the agreement will significantly boost bilateral trade and investment.

Shri Modi stated that the agreement will unlock numerous opportunities for Indian farmers, workers, MSMEs, startups and innovators and contribute meaningfully to the realisation of Viksit Bharat 2047.

The Prime Minister noted that both he and UK Prime Minister Keir Starmer, who are in Evian for the G7 Summit, are very happy with the significant momentum being added to India-UK economic ties.

The Prime Minister wrote on X;

“A historic milestone for India-UK relations.

Delighted to note that the India-UK Comprehensive Economic and Trade Agreement will enter into force on 15th July 2026.

This agreement will significantly boost our bilateral trade and investment.

It will also unlock numerous opportunities for Indian farmers, workers, MSMEs, startups and innovators and contribute meaningfully to the realisation of Viksit Bharat 2047.

Both PM Starmer and I, who are in Evian for the G7 Summit, are naturally very happy with the significant momentum being added to our economic ties.

@Keir_Starmer”