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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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PM Modi interacts with Energy Sector CEOs
January 28, 2026
CEOs express strong confidence in India’s growth trajectory
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PM says India will play decisive role in the global energy demand-supply balance
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Prime Minister Shri Narendra Modi interacted with CEOs of the global energy sector as part of the ongoing India Energy Week (IEW) 2026, at his residence at Lok Kalyan Marg earlier today.

During the interaction, the CEOs expressed strong confidence in India’s growth trajectory. They conveyed their keen interest in expanding and deepening their business presence in India, citing policy stability, reform momentum, and long-term demand visibility.

Welcoming the CEOs, Prime Minister said that these roundtables have emerged as a key platform for industry-government alignment. He emphasized that direct feedback from global industry leaders helps refine policy frameworks, address sectoral challenges more effectively, and strengthen India’s position as an attractive investment destination.

Highlighting India’s robust economic momentum, Prime Minister stated that India is advancing rapidly towards becoming the world’s third-largest economy and will play a decisive role in the global energy demand-supply balance.

Prime Minister drew attention to significant investment opportunities in India’s energy sector. He highlighted an investment potential of around USD 100 billion in exploration and production, citing investor-friendly policy reforms introduced by the government. He also underscored the USD 30 billion opportunity in Compressed Bio-Gas (CBG). In addition, he outlined large-scale opportunities across the broader energy value chain, including gas-based economy, refinery–petrochemical integration, and maritime and shipbuilding.

Prime Minister observed that while the global energy landscape is marked by uncertainty, it also presents immense opportunity. He called for innovation, collaboration, and deeper partnerships, reiterating that India stands ready as a reliable and trusted partner across the entire energy value chain.

The high-level roundtable saw participation from 27 CEOs and senior corporate dignitaries representing leading global and Indian energy companies and institutions, including TotalEnergies, BP, Vitol, HD Hyundai, HD KSOE, Aker, LanzaTech, Vedanta, International Energy Forum (IEF), Excelerate, Wood Mackenzie, Trafigura, Staatsolie, Praj, ReNew, and MOL, among others. The interaction was also attended by Union Minister for Petroleum and Natural Gas, Shri Hardeep Singh Puri and the Minister of State for Petroleum and Natural Gas, Shri Suresh Gopi and senior officials of the Ministry.