PM Narendra Modi's webinar on budget 2021: India is the biggest importers in the defence market

Prime Minister Narendra Modi, speaking at a webinar for consultation on the successful implementation of the provisions of the Union budget for the defence sector.

'We have tried to foster transparency, predictability and ease of doing business in the defence sector since 2014 and have been moving ahead. We have also implemented strong reforms for this sector, such as de-licensing, de-regulation, promotion of exports and liberalisation of foreign investment. In the defence market, India is one of the world's largest importers.' says PM Modi

PM Narendra Modi also says, 'India didn't even manufacture a single ventilator at the beginning of COVID, but today, we produce a lot of ventilators. Therefore, to make our own goods, we have enough talent.'