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Govt to introduce 'Strategic Materials Policy' soon: Parrikar

Wednesday, January 11, 2017

Manohar Parrikar, Defence Minister, Govt. of India during the lighting of lamp for 8th International Conference and Exhibition on Reinforced Plastics along with Pradip Thakkar, Former Chairman, FRP Institute and Shekhar Sardesai, CMD, Kineco Pvt Ltd.

Defence Minister Manohar Parrikar yesterday said "the government is set to introduce 'Strategic Materials Policy'" soon. He inaugurated a three-day International Conference & Exhibition on Reinforced Plastics, 2017 (ICERP 2017) at BEC in Mumbai.

"The new Strategic Materials Policy can promote production as well as storage of defence-related strategic materials. The Ministry had detailed discussions on the policy," said Parrikar. The conference is organised by FRP Institute, an association of Indian Reinforced Plastics or Composites sector.

Parrikar also said the government is also working on "Design in India" policy which will aim at building, enhancing and promoting designing capabilities of Indian manufacturers and entrepreneurs so that they can design products of world-class standards to compete with global counterparts and take advantage of "Make in India" programme.

The Rs 5,000 crore composites industry, had made a strong pitch for support from the government. Pradip Thakkar, Chairman of FRP urged the Defence Minister to extend the government's support to the Indian composites industry to unleash its full potential.

"The Indian composites industry is fully capable of supplying 100% of requirements of the defence sector, if given due support. Composite materials are emerging as an innovative alternative for steel and aluminium and hence, can be used in defence equipment manufacturing," said Thakkar.

Shekhar Sardesai, a member of FRP and CMD of Keneco said the industry should produce world-class products for which innovation and standards were necessary.

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