Page 19 - NIS English 16-30 Sep 2024.pdf

India is blessed with three
'D's. These are democracy,
demography, and demand. We
have added one more D to this -
deregulation. Today's India is thus
a four-dimensional India. Our
judicial systems are independent
and have stood the test of time. You
will not find all these elements in
any other country. This is the best
Aerospace and Defense Defense exports time to be in India and even better
Defense exports reached a to Make in India.
increased 31 times
in a decade record level of
- Narendra Modi, Prime Minister
Rs 21,083 crore
Data of two decades
in FY 2023-24,
88,319 which is 32.5
and also influencing the world.
Crore Rupees percent more
In the last 10 years, the country has worked
than 2022-23 to take this resolution forward with the mantra
and 31 times of 'Make in India'. Today, the country's defense
more than 2013- sector has never had as much transparency, trust,
and technology-based approach as it has now.
14. Defence PSUs
For the first time since independence, such big
4,312 contribute 40%
Crore reforms are taking place in the defense sector; a
Rupees to this while the single window system has been put in place of the
Growth: 21 times
private sector stalling policies. This has increased the confidence
2004-05 to 2014-15 to contributes 60%. of the industry. Indian companies have also
2013-14 2023-24
started exploring possibilities for themselves in the
defense industry, and now the private sector and
Capital Goods the government are moving forward together in the
mission of national defense. The country has an
n The Ministry of Heavy Industries notified the example of defense corridors in Uttar Pradesh and
“Enhancing Competitiveness in Indian Capital Tamil Nadu. In such a short time, big companies
Goods Sector Phase-II Scheme” on January have shown interest in 'Make in India'. This is also
25, 2022. It provides support for common
technology development and infrastructure of creating new opportunities for the youth in the
services. country, and new possibilities are being developed
for many MSMEs in the form of supply chain. The
n Under the scheme, a total of 33 projects have result of the policy changes made in the country is
been approved so far with a cost of Rs 1,366.94 that defense exports have increased in the last few
crore.
years.
n The production of the capital goods sector India's electronics exports have reached the
increased to Rs 4,29,001 crore in 2023-24 due top 3 globally. Prime Minister Modi attributed this
to the intervention of the Ministry of Heavy to the youth power that is innovating. The Prime
Industries. It was Rs 2,29,533 crore in 2014-15. Minister further said that India is committed to

New India Samachar September 16-30, 2024 17