According to the Ministry of Defence, the 'Aatmanirbhar Bharat' campaign in the defence sector aims to develop a self-sufficient defence ecosystem by increasing indigenous defence manufacturing and production capability.
On the eve of the 14th edition of Aero India, Defence Minister Rajnath Singh will host the Defence Ministers' Conclave on February 14.
The conclave will include defence ministers from friendly countries who will also attend Aero India 2023.
"The conclave would address aspects related to deepening cooperation for capacity building (via investments, R&D, joint venture, co-development, co-production, and provisioning of defence equipment), training, space, AI, and maritime security to grow together under the broad theme 'Shared Prosperity through Enhanced Engagements in Defense" (SPEED).
"The conclave is an opportunity for defence ministers from all friendly countries and India to engage with one another to carry forward Prime Minister Narendra Modi's vision of 'Make in India, Make for the World' for a secure and prosperous future for future generations," the Ministry of Defence (MoD) said in a statement.
The Ministry of Defence also stated that the 'Aatmanirbhar Bharat' (self-reliance India) campaign in the defence sector is aimed at developing a self-sufficient defence ecosystem, with an increase in indigenous defence manufacturing and production capability.
"Despite the disruptions caused by the COVID-19 pandemic, India's defence sector has shown promising growth. India is shifting its focus to defence innovation and technology incorporation in order to design and develop future weapon systems. While domestic requirements are sufficient to sustain the indigenous industry, India would like to collaborate with friendly countries to advance defence production and share the benefits to ensure shared prosperity. The growth in the aviation industry has been impressive, and other industries are also poised for rapid expansion."