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Guj to come up with Aerospace &Defence Manufacturing policy:CM

Press Trust of India  |  Vadodara 

Chief Minister today said the state will soon come up with an Aerospace and Defence Manufacturing policy.

"The purpose behind it (the policy) is to establish as the country's leading hub for indigenous aerospace and defence manufacturing, develop globally competitive talent in the sector, promote research and development investments to drive globally-recognised innovation in product design," said Rupani.

The chief minister was speaking after inaugurating the 10th Global Trade Show Exhibition, organised by Vadodara Chamber of Commerce and Industries here.

"is committed to position itself as the country's leading aerospace and defence manufacturing hub. The state's well-recognised manufacturing proficiency and state-of-the-art infrastructure can help in meeting country's critical need to be self-reliant in the sector," he added.

According to Rupani, aims to attract five mega A&D investments in the next 5 years.

"The A&D sector is envisaged to create 20,000 direct and indirect jobs in in the next 5 years. This policy will be in addition to 18 existing policies announced by the state to attract huge industrial investments," the chief minister said.

He also announced that the state's first Skill Development University will be set up here.

"The (state) government's focus is more on skill development so as to generate more employable manpower," he added.

"The has also decided to set up vertical GIDC (Industrial Development Corporation) estates in each of the existing estates for meeting the infrastructure requirements of small scale units located in it," the chief minister added.

Meanwhile, Ravindranath, Director of National Small Industries Corporation announced opening of its office in Vadodara after Rajkot.

Over 300 companies from all across the country have set up 750 stalls in 13 domes in this five-day event.

Meanwhile, Union Minister Haribhai Chaudhary claimed that

the demonetisation move has helped in unearthing "huge amount" of black money.

"The demonetisation of currency notes of Rs 500 and Rs 1,000 notes has helped in unearthing huge amount of black money," the Minister of State for Micro, Small and Medium Enterprises said at the event.

He appealed people including traders and industrialists to help the Centre to weed out black money from the system for making the country powerful at global level.

Prime Minister Narendra Modi on November 8 had announced the government's decision to demonetise Rs 500 and Rs 1,000 notes.

First Published: Thu, December 01 2016. 17:02 IST