Private sector should put profit and national interest in tandem: Rajnath Singh

Swavlamban is an annual event of the Naval Innovation and Indigenisation Organisation, being conducted in collaboration with the Society of Indian Defence Manufacturers and Defence Innovation Organisation. It provides a platform to showcase indigenous technologies and facilitates collaboration between the Navy and the nation’s innovation ecosystem.

He also urged the private sector to strive to increase its contribution in defence manufacturing to over 50 per cent in the years to come.

While endorsing enhanced collaboration for a robust defence ecosystem, he called upon the private industry to identify and apprise the government about the next big platform, disruptive technology, or a path-breaking innovation.

Highlighting the long-term financial burden of maintenance, repair, overhaul, and spare parts supply for imported defence equipment, he emphasised the need to create a self-reliant domestic supply chain. “If we strengthen local manufacturing of components and subsystems, our indigenous content will increase rapidly. This will not only enhance capability but also ensure cost efficiency, reliability, and strategic independence,” Rajnath said.

Navy Chief Admiral Dinesh K Tripathi said that with each successive edition, Swavlamban has grown in scope, scale, and participation. “Through this platform, we aim to foster ideas are nurtured, and promising technologies are fast-tracked towards operational deployment,” he said.