ASSOCHAM welcomes defence production policy-2011
Mr. Dilip Modi, President ASSOCHAM has welcomed the defence production policy 2011 for making a big difference in unshackling the country dependence on imports and development and sourcing of majority of its requirements indigenously.
''There is no question of scaling down our defence expenditure, which is 2.5 percent of our GDP or compromise with our acquisition programmes despite the economic recession,'' Antony said at the seventh edition of Aero India 2009 international air show here.