New Delhi/ Bengaluru: Additional Secretary (Defence Production) Sanjay Jaju on Friday inaugurated HAL and the Society of Indian Defence Manufacturers (SIDM) Indigenisation Conclave on 'Make in India for Defence and Aerospace'. The conclave was held in hybrid mode at the HAL Management Academy campus in Bengaluru. Around 60 items to be indigenized were kept on display at the venue.
In his keynote address, Jaju called up the industries to blend indigenisation activities with innovative means to get the strategic edge and emerge as market leaders. "Defence Unicorns should be our target and it is possible to achieve this through renewed energy and self-belief. Ideas will not face a dearth of funds", he added.
CB Ananthakrishnan, CMD HAL said the Company is collaborating with different stakeholders, including the private industries to indigenize to a maximum extent and is focusing on design stage indigenisation as well. "We have allotted 3% of our PAT to set up an indigenisation fund. Of the 1,000 items listed for indigenization in the Srijan Portal, 405 items will be indigenized by HAL", he added.
Apart from HAL, the organisations such as CEMILAC, DGAQA, CII and other stakeholders participated in the conclave and deliberated at length on new opportunities and challenges and on how to strengthen self-reliance in aerospace and defence.
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, Join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)