HomeNewsBusinessEconomyGovt mulling special zones for def manufacturing: Parrikar

Govt mulling special zones for def manufacturing: Parrikar

Parrikar expects mass-scale supply of guns from the ordnance factories or from private players from next year, other products like helicopters will come in by 2017-18.

May 30, 2015 / 14:34 IST
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Defence Minister Manohar Parrikar on Friday said the government was looking at creating special zones for defence manufacturing.

"The ministry is considering setting up special zones for the defence sector," Parrikar said during a function at the industry lobby Indian Merchants' Chamber here this evening.

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Stating that a proposal in this regard is under consideration, the minister said he hopes that a policy would be finalised soon.

"I personally hope that within the next three months we will come up with a policy regarding this. But things take time as there are many other ministries involved in finalising any policy," he said.