New Delhi, Aug 22 (KNN) Technology Development Fund (TDF) Scheme which has been established under the aegis of Defence Research and Development Organisation (DRDO) will encourage participation of public/private industries especially MSMEs to create an ecosystem for enhancing cutting edge technology capability for defence application, said Rajnath Singh, Defence Minister.

Delivering the inaugural address at the seminar on 'Modernization and Indigenization plans of the Indian Air Force' here, Singh referred to the TDF Scheme which has been established to promote self-reliance in Defence Technology as part of ‘Make in India’ initiative.

He also emphasized on the need to progressively reduce dependence on foreign manufacturers and indigenously develop comprehensive capabilities in the defence sector.

Singh urged the private industry to take advantage of the policy initiatives of the Government and engage with defence services, Defence Public Sector Undertakings (DPSUs) and Ordnance Factory Board (OFB) for meeting their indigenisation demands.

 He reiterated the government’s commitment to resolving any outstanding issue in the way of growth and development of Indigenous Industries in defence sector.

 He asked the industry not to expect any short-term returns but invest for long term gains.

Singh also announced approval for use of test facilities of government entities for the private industry to meet the best quality standards required for defence manufacturing.

He said the decision to this effect has been taken after incorporating the comments of the stakeholders particularly indigenous defence manufacturers.

Besides this, he expressed hope that the synergy between government’s efforts and industry participation will help fulfill the long-cherished dream of making India a frontrunner in defence production.