military Secretary Giridhar Aramane asserted that the continuous geopolitical conflicts are causing a capacity crisis in the military sector worldwide, and that these are signs that the need for defensive utilities would persist for years. Indian shipbuilders ought to increase their capacity to satisfy both the nation’s and its allies’ security requirements.

Speaking at a ceremony in Mumbai to commemorate Mazagon Dock Shipbuilders’ 250 years of operation, the defence secretary stated, “Whether it’s ammunition, whether it’s land platforms, are in great demand because of the Russia-Ukraine war, and also the new technologies, the asymmetric warfare which is being carried out in Red Sea as well as in the Gulf.”

He stated that the two world wars that are fighting will continue to create demand for the next few years in order to replenish stockpiles and meet orders for refurbished items.

Thus, it is imperative that we increase our ability to meet both our own security demands and those of our friendly neighbouring countries.

The ownership was passed to the Indian government in 1960, having begun in 1774. Over 800 ships, seven submarines, and over 65 offshore platforms have been delivered by it since then. Aside from its export market, the shipyard provides the majority of the Indian Navy’s resources.

Today, a commemorative coin honouring the organization’s 250 years of national service was unveiled.

“Many shipyards worldwide are envious of your impressive portfolio. It is imperative that you begin enhancing your future talents now, with this kind of legacy and customs behind you.”

He asserted that India is the key nation in the Indo-Pacific region. Considering that the majority of India’s previous conflicts with the hordes of invaders were fought on land, the nation

The Defence Secretary stated that it “caused immense harm to us”. “We have been re-building our skills since the 19th century, initially to meet the demands of the two great wars. Then, following our independence, our shipyards—which were once private but subsequently nationalized—saw a constant flow of orders.”

Now, in his opinion, is the right moment to offer private businesses a “free hand” so they can develop an animal instinct and aid in the development of the country.

MDL is important in this situation. At first, you were a private business. You are now an organisation in the public sector. Again, in order to create a national consortium of shipbuilders, you must collaborate extensively with the private sector.

Speaking of supply shortages in the defence sector, he described the steps India has made to address the issue. These include encouraging shipbuilding and opening up the defence industry to foreign direct investments and the domestic private sector.

“If we don’t collaborate with academic institutions and young innovators who are eager to launch their own businesses and make a positive impact on the nation, it will be difficult to find innovative domestic solutions.” Therefore, it will be difficult for established businesses like MDL to interact with them.”

He also emphasised that India is capable of producing the platforms it may need without always importing older technologies from other countries.

It would be wise for us to plan ahead. We ought to consider the disruptors’ point of view. In order to predict our potential, we should consider how the Houthis or Hamas are operating.”

He asserted that the private sector ought to take advantage of the government’s willingness to invest monies.

He also informed the assembly about the government’s recently declared over one lakh crore research fund. He added that players in the defence business may make use of some of it.

“MDL and its other sister firms have a fantastic chance to

In the fiscal year 2023–24, India’s defence exports reached a record ₹21,083 crore (about USD 2.63 billion), a 32.5 percent increase over the previous fiscal year when the amount was ₹15,920 crore. According to the most recent data, defence exports have increased 31 times over the past ten years when compared to 2013–14.