India has to keep its guards high at this time of upheavals: Rajnth Singh

Chennai: Unpredictability of the turn of events has increased manyfold in the present day world which is subject to rapid changes and constant fluctuations in trade relations between countries, Defence Minister Rajnath Singh said on Saturday.
Speaking after launching the ICG Ship Vigraha here, he said changes happening around the world often becomes a matter of concern for India, which as a Nation, should keep its guards high during these times of uncertainties and upheavals around the world.
“Obviously, our country cannot remain untouched by these developments.
This applies all the more to a country like ours, being a country whose interests are directly linked to the Indian Ocean”, Rajnath said.

He said the Indian Ocean region, with more than two-thirds of the world’s oil shipments, one-third of bulk cargo and more than half of container traffic, serves as a key route in achieving the world’s own interests.

“Today’s changing world certainly impacts these areas as well. As such, we need to be vigilant at all times”, he said, adding, changes happening

around the world often become a matter of concern for India”.

“We as a nation, must keep our guards high during these times of uncertainties and upheavals around the world”, the Defence Minister said.

However, these challenging times also give us an opportunity, of which we should take advantage, he said.

Rajnath Singh said due to global security reasons, border disputes and maritime dominance, countries around the world are moving towards modernizing and strengthening their military power.

The demand for military equipment is increasing continuously. Reports suggest that in the next one or two years, by 2023, the expenditure on security around the world is going to reach 2.1 trillion US dollars.

Stating that most of the countries do not even have this level of budget for a whole year, he said it was expected to increase manifold in the next five years.
“In such a situation, today we have great scope to make full use of our capabilities, take advantage of policies and move towards making the country an indigenous shipbuilding hub”, he added.

Considering these possibilities, the government has already brought out policies which helps the domestic industry, be it public or private sector entity, to become world class players.

Various such reforms have been made by the government which includes simplification of the process of licensing in the defence sector, accelerating the AoN and RFP processes, emphasizing on exports, encouraging private
sectors, establishing defence corridors, promulgation of the new Defence
Acquisition Procedure (DAP)-2020 and many more.

“Taking advantage of these, our companies can work towards making India a defence manufacturing hub, not only for ourselves, but for the whole world”, he said.