HAL-SIDM Indigenisation Conclave on ‘Make in India' for Defence
Mr. C. B. Ananthakrishnan, CMD HAL said the Company is collaborating with different stake-holders, including the private industries to indigenise to a maximum extent and is focusing on design stage indigenisation as well.
HAL-SIDM Indigenisation Conclave on ‘Make in India' for Defence
Bengaluru: Mr. Sanjay Jaju, Additional Secretary (DP), Ministry of Defence, GOI inaugurated the HAL-Society of Indian Defence Manufacturers (SIDM) Indigenisation Conclave on ‘Make in India for Defence and Aerospace’ held in hybrid mode at HAL Management Academy campus in Bengaluru today. Around 60 items to be indigenized were kept on display at the venue.
In his keynote address, Mr. Jaju called up the industries to blend indigenisation activities with innovative means to get the strategic edge and emerge as market leaders. “Defence Unicorns should be our target and it is possible to achieve this through renewed energy and self-belief. Ideas will not face dearth of funds”, he added.
Mr. C. B. Ananthakrishnan, CMD HAL said the Company is collaborating with different stake-holders, including the private industries to indigenise to a maximum extent and is focusing on design stage indigenisation as well. “We have allotted 3% of our PAT to set up an indigenisation fund. Of the 1,000 items listed for indigenization in the Srijan Portal, 405 items will be indigenized by HAL”, he added.
Apart from HAL, the organisations such as CEMILAC, DGAQA, CII and other stakeholders participated in the conclave and deliberated at length on new opportunities and challenges and on how to strengthen self-reliance in aerospace and defence.
Read Also : Coal India Organises Training programme for capacity buildingNews Must Read
- SJVN CMD Geeta Kapur Inaugurates Construction Works at Sunni Dam Project in Himachal Pradesh
- PESB Selects R Veerabahu as Director (Finance) for Braithwaite & Co. Limited
- Grew Energy bags largest order of 200 MW Contract of SECI's Auction
- CPCL Reports 39% YoY Drop in Q4 Net Profit, Declares Rs 55 per Share Dividend
- SJVN Limited inaugurates India's first Multi-purpose Green Hydrogen Pilot Project
- KRDCL, RVNL JV emerges as the Lowest Bidder for Redevelopment of Thiruvananthapuram Central Railway Station
- REC Ltd. has incorporated subsidiary company BPTL
- Hon’ble Vice President of India Confers `Outstanding PSU of the Year’ Award on HAL
- BharatPe Launches India’s first All-in-One Payment Device
- NBCC registers historical Performance in FY2023-24