Defence policy changes showing positive results, says PM Modi at DefExpo

The government has also de-notified some items earlier made exclusively by Ordnance Factories, so that private sector, especially the MSME can enter this space

The defence policy changes that the current NDA government initiated after coming to power is now showing the result as the total value of defence export permission has doubled, said Prime Minister Narendra Modi while addressing the 10th edition of Defence Expo held at Thiruvidanthai in Kancheepuram near Chennai.

"Over the last few years, we have made a humble beginning. On defence manufacturing licenses, on defence offsets, on defence exports clearances, on Foreign Direct Investment in defence manufacturing, and on reforming our defence procurement, we have taken many steps," he said.

The Defence Procurement Procedure has been revised with many