Rajnath invites investment from defence industry, says 'not worried about corruption charges'

Image
ANI General News
Last Updated : Oct 04 2019 | 4:00 PM IST

Defence Minister Rajnath Singh on Friday asked the industries in the sector to come forward to achieve India's 5-trillion-dollar economy target, stating that his doors are open for everyone.

The minister asserted that he is not afraid of potential corruption charges and "not worried" that fingers will be pointed at him.

Speaking at the 22nd India International Security Expo at Pragati Maidan here, Singh said: "India cannot rely on imported weapons for long as it did not align with the country's plans to become a superpower. Our vision is to make a vibrant and world-class industry to attain the goal of being independent. And for this, the system needs to be industrial friendly."

"My Ministry had taken several steps to boost the Ministry of Micro, Small and Medium Enterprises (MSMEs) in the defence sector and liberalised industrial licensing," he said.

Recalling that he was warned of possible corruption charges while taking up the command of the Defence Ministry, the Union Minister said: "They (some people) said that there are many business-related proposals, and there are matters related to imports and exports... and the minister should be careful of all this otherwise someone will raise a finger (Nahi to ungli uth jayegi)."

"Rajnath Singh is not worried about all this. I have no worries about corruption charges as people and big industry organisations in this country know very well who is what. I am not worried at all. Come, my doors are open for you all. I will extend you all possible help from the Defence Ministry. This is an assurance I would like to give you," he added.

Rajnath said that his vision is to protect every citizen so that they can work towards the development of the country.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 04 2019 | 3:41 PM IST

Next Story