Defence Minister Manohar Parrikar on Tuesday inaugurated the Aero India 2017 in Bengaluru. Calling it one of the best aero shows in Asia, Parrikar said that it has time and again proved to be a brilliant business, investment and display hub national as well as international firms. "We encourage Indian companies in defence manufacturing but we would also like to encourage foreign companies. The government is working on ways to increase private player participation in defence manufacturing," he said.
Focus will be on start-ups, he said while maintaining that there will be focus on time-bound delivery of projects. "The government will encourage manufacturing, design as well as innovation in the field of defense manufacturing. Conditions have never been better than now for defence manufacturing in India and I hope it will make way for better technical enhancement," he said.
Acknowledging the contribution of foreign companies Parrikar said that measured are already being made to ensure ease of business and encourage defence investment.
While Siddaramaiah, the chief minister of the host state gave the inaugural session a miss, Karnataka Minister for Higher Education and Tourism R V Deshpande spoke on his behalf. The ongoing assembly session was cited as reason for the CM to miss the event.