50,000 jobs in aviation sector in near future, says Defence Minister Parrikar

Defence Minister Manohar Parrikar pitched for investments in Skill Development while asserting the availability of 50,000 high skilled jobs in aviation manufacturing sector in the next 2-3 years.

He said, Defence firms could invest in skill development to comply with their required commitment under the new off-set policy. Speaking at an event organized by Wadhwani Foundation, the Minister, Parrikar added that the Government is also considering venture capitalist investment in defence sector.

While speaking as a former entrepreneur, he also said that the start-ups should be given five year relaxation from taxes and other regulations. Incidentally, Prime Minister Narendra Modi’s new initiative Start-up India offers a three-year tax rebate.

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