India's Defence Sector Is In "Golden Period": Rajnath Singh

The government has allocated capital acquisition for defence procurement to boost the domestic domestic sector, said Rajnath Singh.

The current era is a "golden period" of the Indian defence sector, said Defence Minister Rajnath Singh at Defence Expo in Gandhinagar on Thursday.

Mr Singh was speaking at 'Invest for Defence', the event organised during the 12th edition of DefExpo. The event was added to the Defence Expo from this edition onwards.

According to the Defence ministry, the event was organised to promote investment in the defence sector in the country by both the Indian industry and foreign original equipment manufacturers. It will also highlight the requirements of the armed forces and policy reforms undertaken by the government for ease of doing business in the defence sector.

"We have to create a healthy environment for our investors that will not only give them good returns but also recognition in domestic and global markets," Mr Singh said.