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International Conference on Defence Finance and Economics

On April 12, 2023, the Ministry of Defence (Finance) hosted the International Conference on Defence Finance & Economics with the goal of facilitating discussions and partnerships among prominent policymakers, academics, and government officials from both India and other countries.On April 12, 2023, the Ministry of Defence (Finance) hosted the International Conference on Defence Finance & Economics with the goal of facilitating discussions and partnerships among prominent policymakers, academics, and government officials from both India and other countries.

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Need of the International Conference on Defence Finance and Economics:

The conference emphasized defence finance and economics in the context of evolving security circumstances, with the purpose of harmonizing Indian procedures with global norms and sharing the most effective methods, lessons, and knowledge from a variety of nations.

More about the International Conference on Defence Finance and Economics:

  • The International Conference on Defence Finance & Economics aims to enhance the nation’s defence readiness by effectively utilizing financial resources and implementing the Defence Budget.
  • The conference seeks to promote partnerships with foreign governments, global leaders, and international organizations in the field of Defence Finance and Economics.
  • The conference supports the Indian Government’s efforts to promote self-reliance and indigenization in the Defence sector.
  • The objective of the conference is to share the best practices, experiences, and expertise of various countries and align processes in India with international standards.
  • The conference will focus on discussing various finance and economics models and practices related to Defence Acquisition from around the world.
  • The conference will also cover topics such as cost-efficient logistics management, finance and economics associated with Defence Acquisition, and the latest advancements and innovations in Defence Research and Development.

Significance of  the International Conference on Defence Finance and Economics:

The International Conference on Defence Finance & Economics is significant as it has the potential to serve as a platform for exchanging knowledge and experiences on Defence Finance and Economics concerning shifting security challenges and policies worldwide. The conference’s ultimate aim is to drive radical improvements in the Defence sector.

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