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MSME & START-UP BULLETIN, VOLUME 1, ISSUE 1, AUGUST 2022

               5.   For manufacturing and testing of certain category  partners. In addition to the above, MSME should be
                  of arms and ammunition, licenses are required  facilitated to interact with foreign OEMs to encourage
                  under Industries (Development and Regulation)  participation in the offset business industry. India is
                  Act, 1951 and Arms Act, 1959.            viewed as a global investment hub and obstacles faced
                                                           can be addressed by the government for MSMEs to
               The way forward                             become more involved in defense manufacturing in
               The role of MSMEs in defence sector is practically  future.
             a new concept for entrepreneurs. Government must
             create awareness about “Make in India” programme   References
             in defence, through seminars, events, conferences for    https://www.financialexpress.com/industry/
             MSMEs, in addition to various support schemes and   sme/msme-eodb-make-in-india-how-govt-is-
             programmes. This will increase the networking and   turning-to-msmes-to-make-india-self-reliant-in-
             business synergy opportunities through creation of   defence-manufacturing/2477821/
             MSME clusters. Additionally common facilities for
             design, testing and simulation should be established in    https://www.thehindubusinessline.com/
             MSME clusters, on a pay-per-use model. There is an   companies/msmes-queue-up-to-support-
             urgent need to mentor non-defence MSME about the    defence-forces-indigenisation-programmes/
             prospective market and business opportunities in India   article64969560.ece
             and abroad. Furthermore, to facilitate a level playing    https://pib.gov.in/Pressreleaseshare.
             fi eld for MSMEs, request for proposals should be    aspx?PRID=1810448
             based on competitive bidding and not PSU nomination.
             The identifi cation and notifi cation of Raksha Udyog      https://psuwatch.com/ministry-of-defence-list-
             Ratnas (RURs) should be accelerated so that MSME    26items-indian-local-manufacturer-msme
             can register and subsequently become supply chain













































             22                                                   The Institute of Cost Accountants of India
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