New Delhi: Prime Minister Narendra Modi on Thursday said India should reduce dependence on imports and take forward the "Make in India" initiative to build its domestic capabilities for designing, developing and manufacturing state-of-the-art defence equipment.
He made the remarks while chairing a meeting to deliberate the potential reforms to ensure a robust and self-reliant defence industry in India that caters to short and long term needs of the armed forces.
In the meeting, attended by Defence Minister Rajnath Singh, Home Minister Amit Shah, Finance Minister Nirmala Sitaraman and others, Modi also discussed initiatives to give a boost to the economy in the backdrop of COVID-19, an official statement said.
The discussions involved reforming of the functioning of the ordnance factories, streamlining procurement procedures, focused resource allocation and encouraging research and development.
Attracting investment in critical defence technologies and promotion of exports also came up in the meeting.
The prime minister laid emphasis on positioning India among the top countries of the world in defence and aerospace sectors, from design to production, with the active participation of public and private sector fulfilling the twin objectives of self-reliance and exports.
He reviewed the proposed reforms for attracting domestic and foreign investment in the defence sector.