"There is a global demand for world class defense equipment and products. I urge all of you to increase your defense export potential," Sitharaman said. "We are willing to work with you to reach this goal."
The minister made the comments during the launch of projects of defence industrial corridor at Aligarh in northern Indian state of Uttar Pradesh.
The defense minister announced that government would purchase the innovative products for 10 years from the indigenous manufacturers.
"Startups and Micro, Small and Medium Enterprises (MSME) can show their innovative products to us. After required tests are completed, we are ready to buy those products. I assure you to give you orders for minimum 10 years," Sitharaman said.
During the function, vice chiefs of three armed forces were present to interact with the industry players.
"Vice chiefs of Army, Air Force and Navy are here because the defense procurement primarily happens by them. They will interact with industry in order to create an understanding about requirements," the minister said.
The Indian government this year announced to set up two defense corridors, one in Tamil Nadu and the other in Uttar Pradesh, exclusively for defense manufacturing.