Defence minister Nirmala Sitharaman Wednesday invited investors to capitalise on the ecosystem in aero space and other sectors in India which offered a big market for Defence manufacturing.
In her inaugural remarks at the Aero India 2019, the 12th edition of Asia’s premier air show at the Yelahanka air base in Bengaluru, Sitharaman made a strong pitch for “Make in India” and referred to a slew of initiatives taken by the government, including permitting 100 per cent Foreign Direct Investment (FDI) in Defence manufacturing.
Explaining the possibilities in the aero space and defence sectors, she said the Original Equipment Manufacturers (OEM)s could find joint venture partners so that the production could be scaled up and they could have a captive market and could export from India.
