Nagpur: Union minister for road transport and MSMEs Nitin Gadkari said defence forces need to revamp their system of procurement of items from the private sector. Speaking at a seminar on MSMEs organsied by Vidarbha Development Council (VED), the minister said it often happens that it takes years to get a product approved by the defence forces. By that time, the item gets outdated.
He also said that his ministry is coming up with a scheme to incentivise exporters among the small and medium size industries and the matter is being worked out with the ministry of commerce.
The minister said bamboos also have great potential for generating bio-disel from the oil extracted from it. This may soon emerge as a viable option for petroleum. Gadkari is a strong proponent of alternative fuel.
The seminar, organized by VED, also stressed on promoting ancillarisation for the defence sector. Officials from the IAF and army said there is great scope for small and medium industries to cater to the defence and aerospace sector.
He also said that his ministry is coming up with a scheme to incentivise exporters among the small and medium size industries and the matter is being worked out with the ministry of commerce.
The minister said bamboos also have great potential for generating bio-disel from the oil extracted from it. This may soon emerge as a viable option for petroleum. Gadkari is a strong proponent of alternative fuel.
The seminar, organized by VED, also stressed on promoting ancillarisation for the defence sector. Officials from the IAF and army said there is great scope for small and medium industries to cater to the defence and aerospace sector.
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