rajnath singh

Defense Minister Rajnath Singh interacts with a group of Engineers from India during his visit to SAFRAN - the engine making facility for Rafale fighter jet in Paris, France on Oct. 9. (IANS/DPRO photo)

PARIS — Defense Minister Rajnath Singh invited French defense industries to set up production bases in India and enter into co-production of high-end defense equipment while addressing top honchos on the last day of his three-day visit to France Oct. 9.

Addressing a meet of defense and avionics industries CEOs here, he spoke about how India has opened up the defence sector under the 'Make in India' initiative.

"We want collaboration to modernize our shipyards and defense platforms by infusion of technology. French firms can make India its base for production of defence equipment not only for India's large market but also for export to other countries," he said.

The Defense Minister elucidated about the tax reforms undertaken in India under Prime Minister Narendra Modi. He said that the government has successfully implemented a single Goods and Services Tax in the country besides substantially reducing corporate tax.

"We have undertaken significant economic reforms to improve the ease of doing business and opening up the economy for investments. Our Government under the leadership of our PM Modi has opened up defence sector manufacturing to a large extent under the 'Make in India.’ For 'Make in India' in Defense if there is need for further tax rationalization, it may be considered suitably," he said.

During the course of his address, Rajnath Singh said that Indian and French defence firms can mutually benefit though bilateral defence co-operation.

"Indian MSMEs seek foothold in the global supply chains with support from of French defence and aerospace OEMs. French companies could leverage from advantages in India such as low wages and availability of technical manpower," he said.

Rajnath Singh has travelled to France along with a delegation of senior defence and armed forces officials on a three-day official tour. He formally received the first of the 36 Rafale multi-role combat aircraft in Merignac Oct. 8.

Invitations were extended to French firms by the Indian delegation for participating in DefExpo 2020 which will be held in Lucknow, Uttar Pradesh next year.

"We have set up two defence corridors in India in Uttar Pradesh and Tamil Nadu and offer attractive terms for investment. I would like to emphasize that India would be open to explore opportunities and co-production of high-end defence equipment," Rajnath Singh said.

Earlier on Oct. 9, he visited the manufacturing facility of Safran, one of the world's largest aircraft engine manufacturers, in Villaroche near Paris. Safran has developed the engines that power the Rafale aircraft.

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.