Remarking that capital infusion in the defence industry required a major thrust, Union Minister of State for Defence Subhash Bhamre on Tuesday said the Indian government was planning to invest huge resources in the modernisation of the defence sector.
“India is going to commit huge resources on defence modernisation in the coming years. Hence, those of you (industry leaders) who are ready to invest in the sector have, perhaps, one of the best opportunities to get favourable returns on investments,” Mr. Bhamre said.
Stressing on the need for cohesion between government, industry, the research and development (R&D) establishment and the academia, the minister said it was imperative for these entities to come together in order to “evolve Indian technologies for Indian requirements”.
