'World sees India as safe place for defence manufacturing"
Millennium Post Delhi|May 28, 2022
There is a lot of interest in companies around the world to look at manufacturing defence in India, Commerce Minister Piyush Goyal said
'World sees India as safe place for defence manufacturing"

LONDON: There is a lot of interest among international companies, including in Britain, for defence manufacturing in India because the world sees the country as not only a big marketplace but also a safe place to work, Minister of Commerce and Industry Piyush Goyal said in London.

The minister, who is on a two-day visit to the UK on his way back from the World Economic Forum (WEF) in Davos, said during an India Global Forum (IGF) event on Thursday evening that the defence sector offers a natural potential investment opportunity in India because of the government's open policies.

The whole world realises that India is a big market place, a safe place to work with in terms of manufacturing in defence equipment, particularly because we don't insist on technology transfer, we even allow coveted technologies to be owned fully by foreign investors, said Goyal.

This story is from the May 28, 2022 edition of Millennium Post Delhi.

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This story is from the May 28, 2022 edition of Millennium Post Delhi.

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