Aiming for effective implementation of Defence Budget, India organizes International Conference on Defence Finance & Economics
The conference will provide a platform for eminent policy makers, academics and government officials from within the country and abroad to share their insights and experiences on Defence Finance and Economics in the context of evolving security challenges and policies globally.
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New Delhi, Apr 12: Raksha Mantri Rajnath Singh inaugurated the three-day International Conference on Defence Finance & Economics in New Delhi earlier today (Apr 12). Delegates from USA, UK, Japan, Australia, Sri Lanka, Bangladesh and Kenya will participate in the conference.
The conference, organized by Ministry of Defence (Finance), will provide a platform for eminent policy makers, academics and government officials from within the country and abroad to share their insights and experiences on Defence Finance and Economics in the context of evolving security challenges and policies globally. The conference aims to foster dialogue and collaboration among the participants and contribute to the country's defence readiness with optimum financial resources and effective implementation of the Defence Budget.
Speaking at the International Conference on Defence Finance & Economics. https://t.co/jur8ZybwDb
— Rajnath Singh (@rajnathsingh) April 12, 2023
The International Conference aims to participate in global discussions on Defence Finance & Economics and propose a sustainable blueprint on the subject. The objective behind the conference is to disseminate the best practices, experiences and expertise of various countries and align processes in Indian context with international standards. As per the Defence ministry's statement, the conference will hopefully facilitate collaborations with foreign governments, international institutions & global leaders in domain of Defence Finance & Economics to support the Govt's ongoing efforts on indigenization & self-reliance in the Defence sector, and also to advance transformative reforms.
The topics of discussion are scheduled to include current challenges and opportunities in the areas of Defence Finance and Economics, such as how to allocate and use resources efficiently & effectively and how to manage logistics in a cost-conscious way. The participants will also deliberate upon different models and practices of finance and economics related to Defence Acquisition around the world as well as the latest developments and innovations in Defence Research and Development. Additionally, the discussions will address best practices on managing human resources in Defence, including issues related to pay, pensions and welfare of Defence Personnel and the role & functions of oversight mechanisms within defence ecosystems.
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