{"id":314540,"date":"2019-08-09T04:59:31","date_gmt":"2019-08-09T04:59:31","guid":{"rendered":"http:\/\/tehelka.com\/?p=314540"},"modified":"2019-08-09T04:59:31","modified_gmt":"2019-08-09T04:59:31","slug":"rajnath-singh-to-chair-roundtable-on-make-in-india-in-defence-industry-with-top-defence-and-aerospace-manufacturers","status":"publish","type":"post","link":"https:\/\/tehelka.com\/rajnath-singh-to-chair-roundtable-on-make-in-india-in-defence-industry-with-top-defence-and-aerospace-manufacturers\/","title":{"rendered":"Rajnath Singh to chair roundtable on \u2018Make in India in Defence Industry\u2019 with top Defence and Aerospace manufacturers"},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\"><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-308121 aligncenter\" src=\"http:\/\/tehelka.com\/wp-content\/uploads\/2019\/01\/rajnath.jpg\" alt=\"\" width=\"621\" height=\"349\" srcset=\"https:\/\/tehelka.com\/media\/2019\/01\/rajnath.jpg 621w, https:\/\/tehelka.com\/media\/2019\/01\/rajnath-300x169.jpg 300w\" sizes=\"(max-width: 621px) 100vw, 621px\" \/><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">With the objective to promote \u2018Make in India\u2019 in Defence sector, Union Minister Rajnath Singh will interact with top Defence and Aerospace Industry leaders at Vigyan Bhawan Annexe on Friday. \u2018Make in India in Defence Industry Roundtable\u2019 is organised by Department of Defence Production, Ministry of Defence (MoD). It aims to explore ways to attract investment, address the concerns of the industry and promote innovations in Defence sector.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">The MoD has taken several steps to ease licensing, promote exports and Foreign Direct Investment (FDI) in the Defence sector.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">The process of acquiring defence industrial licence has been eased to significantly enhance \u2018Ease of Doing Defence Business\u2019.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">To promote defence exports, 668 No Objection Certificates were issued to companies during 2018-19. Steps have been taken to rationalise the Standard Operating Procedure (SOP) for reducing the time taken for granting permission for exports. The average time taken has reduced by 100 per cent to 32 days now. Defence exports have recorded a substantial rise to Rs 10,745 crore in 2018-19 from Rs 4,682 crore in 2017-18.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">FDI in Defence and Aerospace in the last five years was Rs 1,664 crore. Before 2014, the figure was Rs 1,321 crore.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">\u2018Make in India\u2019 portal for Defence Production has been revamped and re-launched. A new portal,\u00a0www.defenceexim.gov.in\u00a0\u00a0has been created for end-to-end processing and communication of export license applications and generating and disseminating export market leads.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">In addition, the MoD\u00a0launched a dashboard to keep track of the major components of Defence Production, including defence exports, defence offsets, defence projects under \u2018Make in India\u2019, startups in defence sector, investments in defence corridors in Uttar Pradesh and Tamil Nadu and artificial intelligence projects in defence.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">The interaction of industry leaders with Rajnath Singh will provide an opportunity to discuss new and innovative proposals in defence production and exports.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>With the objective to promote \u2018Make in India\u2019 in Defence sector, Union Minister Rajnath Singh will interact with top Defence and Aerospace Industry leaders at Vigyan Bhawan Annexe on Friday. \u2018Make in India in Defence Industry Roundtable\u2019 is organised by Department of Defence Production, Ministry of Defence (MoD). It aims to explore ways to attract [&hellip;]<\/p>\n","protected":false},"author":59,"featured_media":308121,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1961,2009,2014],"tags":[11726,2597],"_links":{"self":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/314540"}],"collection":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/comments?post=314540"}],"version-history":[{"count":1,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/314540\/revisions"}],"predecessor-version":[{"id":314541,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/314540\/revisions\/314541"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/media\/308121"}],"wp:attachment":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/media?parent=314540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/categories?post=314540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/tags?post=314540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}