ADD ANI AS A TRUSTED SOURCE
googleads
Menu
General News

Rajnath Singh inaugurates UP's first operationalised private sector defence manufacturing facility in Lucknow

Lucknow (Uttar Pradesh) [India], November 13 (ANI): Union Defence Minister Rajnath Singh inaugurated Uttar Pradesh's first operationalised private sector defence manufacturing facility in Lucknow on Saturday.

ANI Nov 13, 2021 22:53 IST googleads

Union Defence Minister Rajnath Singh in Lucknow

Lucknow (Uttar Pradesh) [India], November 13 (ANI): Union Defence Minister Rajnath Singh inaugurated Uttar Pradesh's first operationalised private sector defence manufacturing facility in Lucknow on Saturday.
Established in Uttar Pradesh Defence Industrial Corridor (UPDIC), Lucknow, the facility will be run by Aerolloy Technologies, a wholly-owned subsidiary of PTC industries. It will manufacture parts for aircraft engines, helicopter engines, structural parts for aircraft, drones and UAV, submarines, ultra-light artillery Guns, space launch vehicles and strategy systems etc.
Defence Minister also laid the foundation stone for an integrated metal manufacturing facility under PTC industries that will produce key raw materials in titanium and other exotic alloys for aerospace applications.

The plant will significantly reduce the country's dependence on imports for all platforms which require titanium and nickel superalloys, said the Ministry of Defence.
Applauding PTC Industries Limited, Singh said that the two units will prove to be major milestones in the path of self-reliance in defence in the times to come. He appreciated the fact that PTC supplies products to renowned companies in India and abroad, contributing to the Government's vision of transforming India into a net defence exporter.

On PTC obtaining the clearance certificate of critical On-line Fittings (OLFs) for defence applications from the Ministry of Defence recently, Rajnath Singh said, the clearance will prove to be a big step in 'Make in India' and achieving self-reliance in defence manufacturing.
Emphasizing the need for continuous modernisation of the Armed Forces in the rapidly changing global security environment, he said that the public and private sectors, academia and research and development organisations provide solutions to these problems.
"The Indian defence industry has the potential to develop quality and cost-effective equipment which will not only bolster national security but export the military hardware to the world," Singh said.
Reaffirming the government's resolve of 'Make in India and Make for the World', Singh listed out a series of measures undertaken to achieve self-reliance in defence, including earmarking around 64 per cent of its modernisation funds under capital acquisition budget for 2021-22 for procurement from domestic companies; notifying two positive lists of over 200 items to increase exports and Defence Acquisition Procedure 2020, setting up of Defence Industrial Corridors in Uttar Pradesh and Tamil Nadu; free transfer of technology of DRDO and Innovation for Defence Excellence (iDEX) initiative.
Defence Minister added that all efforts are being made to provide a suitable growth environment to the private sector. "We have opened up opportunities to build a mega defence programme, including fighter aircraft, helicopters, tanks and submarines through a strategic partnership model which will help our private companies grow in stature and become global giants in the times to come. Recently, a Rs 22,000 crore contract was signed for transport plane 'C-295'. Most of these planes will be made in India in collaboration with our industry," he stated.
He noted that the Armed Forces have also supported the drive for Aatmanirbharta in Defence. Singh stated that all these initiatives by the government have resulted in an increase in the number of contracts being awarded to the indigenous defence industry. This includes the recent LCA Tejas contract of about Rs 50,000 crore given to Hindustan Aeronautics Limited. He stressed that from prioritising procurement from Indian-IDMM (Indigenously Designed, Developed and Manufactured) categories to supporting Research and Development, the government is striving to harness technology through active engagement with industry, academia, technology providers, equipment manufacturers, quality controllers etc.
"In the last seven years, our defence exports have crossed the mark of Rs 38,000 crore and more than 10,000 SMEs have joined in the defence sector. Research and development, startup, innovation and employment have also increased as a result of these policies," Singh added. (ANI)

Get the App

What to Read Next

Politics

Giriraj Singh slams Rahul Gandhi over conduct in Parliament

Giriraj Singh slams Rahul Gandhi over conduct in Parliament

Speaking to reporters here on Thursday, Singh said the opposition had sought permission to speak on the issue of LPG, but did not adhere to the subject.

Read More
Politics

YSRCP files PIL challenging Andhra Pradesh govt’s land policy

YSRCP files PIL challenging Andhra Pradesh govt’s land policy

Former Andhra Pradesh Minister Gudivada Amarnath on Thursday said that the YSR Congress Party (YSRCP) has filed a Public Interest Litigation (PIL) challenging the land policy of the state government, alleging that large extents of valuable public land are being allotted to a few real estate companies at very low prices.

Read More
Politics

"No shortage of petrol, diesel or LPG": Hardeep Singh Puri

In his statement in the Lok Sabha, Puri said the government has taken multiple measures to safeguard the country's energy security and ensure the uninterrupted availability of petroleum products, cooking gas, and natural gas.

Read More
General News

ED attaches 31 immovable properties worth Rs 581.65 crore in...

ED attaches 31 immovable properties worth Rs 581.65 crore in...

The attached properties are in the form of land parcels situated in Goa, Kerala, Karnataka, Punjab, Tamil Nadu, Uttar Pradesh, Haryana, Jharkhand, Maharashtra, Delhi, West Bengal, Andhra Pradesh, and Rajasthan.

Read More
General News

SC grants bail to two accused in Siddhu Moosewala murder case

SC grants bail to two accused in Siddhu Moosewala murder case

Pawan Bishnoi was allegedly booked in connection with arranging a Bolero car used in the shooting that killed Moosewala, while Jagtar Singh was booked on a separate ground, along with more than 20 others, in the high-profile murder case.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.