Defence Minister appreciates role played by SIDM, MSMEs in fight against COVID-19 pandemic
Defence Minister Rajnath Singh has appreciated the role played by Society of Indian Defence Manufacturers (SIDM) and other Micro, Small and Medium Enterprises (MSMEs) in Nation’s fight against global Coronavirus (COVID-19) pandemic. Addressing MSMEs E-conclave, jointly organised by SIDM, Confederation of Indian Industry (CII) and Department of Defence Production through video conference in New Delhi today, Mr Singh expressed happiness that that SIDM has accelerated the manufacturing of DRDO designed PPE kits, masks, ventilator parts in the field of defence industry by efficient coordination and channelisation. He said, within less than two months, not only the domestic demand has been met, but we can also think of helping neighbouring countries in the coming time.
Defence Minister termed MSMEs backbone of Indian economy that accelerate GDP growth, earn valuable foreign exchange through exports and provide employment opportunities. He said, keeping MSMEs strong is one of the priorities of the Government. He said, there are more than 8,000 MSMEs, tiered partners of many of Defence organisations – Ordnance factories, DPSUs and service organisations. They contribute more than 20 per cent of the total production of these organisations.
Acknowledging the hardships faced by the defence industry, Mr Singh said, manufacturing sector has been affected the most due to lockdown and disruption in existing supply chains and the defence sector is no exception to this. He said, it can be said that the defence sector is more aggravated than other sectors as the only buyer of defence products is the government.
The Minister assured that the Aatma Nirbhar Bharat campaign, inspired by Prime Minister Narendra Modi will provide many opportunities to Indian industry and will help in restoring millions of jobs. He said, we have to adopt swadeshi products in our life. Mr Singh said, there is no doubt that MSMEs have a very important role in the goal of indigenous manufacturing, and in the goal of self-reliant India.