Defence Minister Manohar Parrikar on Tuesday said “the government is set to introduce ‘Strategic Materials Policy’” soon. He inaugurated a three-day International Conference & Exhibition on Reinforced Plastics, 2017 here.
“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.