New Delhi, Jun 25 (PTI) Strong indigenous defence-manufacturing capabilities would help India safeguard its prosperity generated over the last couple of decades, Minister of State for Defence Shripad Naik said on Thursday.

The minister inaugurated the two-day "Defence Conclave 2020" in Gujarat via video-conferencing on Thursday, a press release issued by the Defence Ministry said.

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According to the release, in his speech, Naik said, "Strong defence capabilities would help the nation in safeguarding the prosperity generated over the last couple of decades and also protect key economic interests like trade routes and safety going forward."

"Focus on developing a strong domestic capability in defence would be a great economic growth impetus and also help in skilled job creation in manufacturing, a key need and priority for the nation," he added.

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Naik emphasised on the huge opportunity the defence sector presents for the micro, small and medium enterprises (MSMEs).

"The slowing down or saturation of markets in other sectors has also been responsible for directing their (MSMEs) interest towards the unexplored defence sector, which promises sustained business opportunities," he said.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)