Expressing confidence that India would emerge as a major global centre for defence industry, Prime Minister Narendra Modi today promised conducive business environment for domestic as well as foreign players, including a discrimination-free tax system.
Inaugurating ‘Aero India’ show, the Prime Minister said the country needs to increase its defence preparedness and modernise its forces due to security challenges that were well known and invited foreign firms to become India’s strategic partners rather than remaining just sellers.
He said government’s focus is to reduce imports and develop domestic defence industry with a sense of mission which it “is at the heart of our Make in India programme”.