Achieving self-reliance in the defence sector significant to

Press Trust of India  |  Chennai 

Sitharaman today said it was important for the country to achieve self-reliance in the defence sector.

"Cultivating innovation within is imperative to achieve the goal of self-reliance in defence. The young innovators of will play a big role in the future to indigenise the defence industry " she said in her address to students at IIT Madras here.

She saidit was important to restore a lot of strength to the

"The priority of our government is to underline the need for to restore a lot of strength to its manufacturing sector," she said.

Sitharaman said the NDA government had taken steps to streamline the defence procurement policy in 2016 to "simplify the entire process".

She said the focus was on reviving the manufacturing sector so it could contribute a lot more to the country's GDP.

"The services sector is growing rapidly and the focus is on reviving the Ultimately, it is the private sector that has to get the going," she said.

Sitharaman also stressed the need to reinvent and be self-sufficient for India's defence sector needs.

The priority for defence in the government's "Make In India" policy was to stop India's dependence on imports, she said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, April 08 2018. 20:25 IST