Brahmand NewsPrevious Article
Brahmand NewsNext Article
Headlines
  • LIMA 2017:-The Langkawi International Maritime & Aerospace Exhibition (LIMA) is the largest show of its kind within the Asia Pacific region and will be held from 21 – 25 March 2017....
  • IAF's Super Hercules damaged in Ladakh's Thoise airfield:-A C-130J Super Hercules aircraft of the Indian Air Force suffered damage while taxiing at high altitude Thoise airfield in Ladakh and a Court of Inquiry (CoI) is currently underway. ...
  • Seven new Earth-like planets discovered, may host life: NASA:-Astronomers have discovered the first known system of seven Earth-sized planets around a single star - located a mere 40 light years away - that could have liquid water, and possibly host alien life. The discovery sets a new record for greatest number of habitable-zone planets found around a single star outside our solar system. ...
  • Anil Ambani discusses defence investments with UAE's PM:-The Indian business tycoon has met the UAE Prime Minister and Dubai's ruler Sheikh Mohammed bin Rashid Al Maktoum on the sidelines of the International Defence Exhibition and Conference, IDEX 2017 – one of the biggest international defence shows underway in Abu Dhabi. ...

Country must be ready to meet challenges: Antony

Article
Line Spacing+- AFont Size+- Print This Article

NEW DELHI (PTI): Citing the "challenging" geo-political realities around India, Defence Minister A K Antony on Thursday said the government was taking necessary steps to modernise armed forces.

He said India has always desired peace with its neighbours but peace cannot come at the cost of its security concerns.

"It is for this reason, we must be prepared to meet any challenge posed to our territorial integrity and sovereignty," the minister said in his inaugural address at DefExpo-2014.

"Geo-political realities around India pose various kinds of security challenges... It is for this reason we must be ever prepared to meet any challenge posed to our territorial integrity and sovereignty," he said.

Antony underscored India's thrust on indigenisation of defence industry which, he said, offers new opportunities to the private sector.

Noting that India has been carrying out regular reviews of Defence Procurement Procedure to give a fillip to private sector, Antony said it needed to balance the competing requirements of expediting procurement, developing a robust base for indigenous defence sector and maintaining highest standards of transparency, probity and public accountability.

In the DPP approved in 2013, efforts have been made to boost the Indian defence industry both in public and private sector by according preference to the 'Buy (Indian)', 'Buy and Make (Indian)' categories of acquisitions.

The industry should also come forward to create the necessary capability to take advantage of the provisions, he said.

"We are seeing growing public-private sector participation and we are also giving more opportunities to the private sector to make more meaningful and substantive contribution to the defence sector," he said.

More flexibility has also been given to foreign OEM (original equipment manufacturer) to encourage them, Antony said.

He expressed hope that the DefExpo would signal the start of a new chapter in the process of collaboration and business partnership.

A total of 624 companies from 30 countries are displaying weapon systems for the Army, Navy and internal security during the four-day DefExpo. A record number of 12 countries have set up their country pavilion in this eighth Defexpo and 178 delegates from 43 countries are participating, organisers said.

Tags:

Defexpo  India  Antony  Security  
Line Spacing+- AFont Size+- Print Article

Other Related News

US Carrier Strike group starts patrolling in disputed SCS

A US aircraft carrier strike group has begun patrolling in the disputed South China Sea despite China's warning to America against challenging its sovereignty in the area.

Upcoming Defence Exhibitions

BRAHMOS Missile Systems

Headlines

Brahmand World Defence Update 2017

Image Gallery