Make in India in Defence will boost MSME sector
The Centre is attempting to boost MSME sector's contribution towards indigenous manufacturing in defence from the present 20-30 to 70 per cent in the next five years under its ambitious 'Make in India' programme, Lt General Ravi Thodge (Retd) said here today.
Lt Gen Thodge, AVSM, SM, VSM, who retired as Master General Ordnance, was addressing an interactive meeting, jointly organised by All India Association of Industries (AIAI) and World Trade Centre Mumbai.
This will not only boost opportunities for the MSME sector, but also lead to job creation, he said.
At present, India is importing nearly 60 per cent of its defence manufacturing components. The Government of India is committed to working with MSMEs focusing on import substitution, he said.
The 'Make in India' programme puts great thrust on sustainability, Lt Gen Thodge said, adding that the Government is reaching out to MSMEs across India to encourage them to participate in this programme.