New Delhi: As reported by the Ministry of Defence, the number of Micro, Small and Medium Enterprises (MSMEs) Vendors in India under domestic Defence production sector is 8,643.
Several schemes and initiatives have been put in place to support MSMEs including those in the Defence production sector. These include the Prime Minister Employment Generation Program (PMEGP), Micro and Small Enterprises-Cluster Development Program (MSE-CDP), Scheme for Promotion of MSMEs in North Eastern Region and Sikkim, Tool Rooms and Technology Centers, Mission Solar Charkha (MSC), Scheme of Fund for Regeneration of Traditional Industries (SFURTI), Procurement and Marketing Support Scheme, Entrepreneurship Skill Development Programme (ESDP), Credit Guarantee Scheme for Micro and Small Enterprises (MSEs) and Credit Linked Capital Subsidy and Technology Upgradation Scheme (CLCS-TUS).
The Ministry of Defence has also taken various measures to support domestic Defence production across the country. These include Make-I and Make-II projects, Defence Investor Cell and Innovations for Defence Excellence (iDEX).
This information was given by Nitin Gadkari, Union Minister for Micro, Small and Medium Enterprises in written reply to a question in Lok Sabha today.
Earlier this week, Minister of State for Defence Shripad Naik said that India is exporting helicopters, radars, ammunition and more Defence equipment, and also said 3 Joint Ventures had been approved with Russia for helicopters, rifles and transport aircraft under ‘Make in India‘.
Last week, Indus Dictum reported that Minister of State for Defence Shripad had said FDI worth Rs 1,812 crore was channeled into the Defence sector since 2014, and 44 proposals had been approved under Make-II.
At the ADMM-Plus Summit in Bangkok in November, Defence Minister Rajnath Singh had reaffirmed the Government’s committment to achieving a $26 billion Defence industry by 2025 with ‘Make in India’.
Earlier this month, Singh was in Russia where he urged Russia to jointly manufacture Defence equipment with India. A day after that, Russia announced it would support the ‘Make in India’ initiative with plans to jointly manufacture Kalashnikov AK-203 rifles in India.
Singh also awarded Rs 3 crore to two startups earlier this month, saying innovation is key to self-reliance in the Defence sector.
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