Special Seminar on ‘Achieving Rs. 35,000 Crore Defence Exports with Dr Ajay Kumar, Secretary (DP)’
At the behest of the Ministry of Defence, the Society of Indian Defence Manufacturers (SIDM), in collaboration with the Confederation of Indian Industry (CII) organised a Special Seminar on ‘Achieving Rs. 35,000 Crore Defence Exports' on 29 October 2018, which was chaired by Dr. Ajay Kumar, Secretary (DP), Ministry of Defence, Government of India.
The Department of Defence Production, Ministry of Defence has recently notified a new ‘Scheme for Promotion of Defence Exports’ with the objective of enhancing annual defence exports to Rs. 35,000 crores by the year 2025, as envisioned in the Draft Defence Production Policy 2018. While significant gains have been made by the private sector in defence production since the liberalization of the defence sector in 2001, current exports are still hovering in the range of Rs. 3,000-5,000 crores annually.
In order to provide an opportunity for the private sector to market their products globally, the new scheme has made two options available to prospective exporters, namely ‘Certification’ and ‘Testing and Certification.’ The seminar will discuss new policy initiatives regarding export clearance, line of credit and ‘Fit for Indian Military Use’ certification for exports, among others.
The seminar was conducted in three sessions namely:
- Inaugural Session
- Session 1- Presentations on New Schemes for Defence Export Promotion
- Session 2 - Panel Discussion: Integrating Domestic Manufacturers with Global Supply Chains
Notable speakers at the event included Dr Ajay Kumar, Secretary (DP), Mr. Sanjay Jaju, Joint Secretary (DIP), Dr Rajib Kumar Sen, Joint Secretary (DOMW & EA) and other senior officials from Directorate General of Quality Assurance (DGQA), Directorate General of Foreign Trade (DGFT) and the Ministry of External Affairs.
A copy of the notification may be accessed from http://makeinindiadefence.gov.in/admin/writereaddata/upload/files/Scheme for promotion of Defence Exports 4.10.18.pdf