International Conference on Defence Finance & Economics

April 12, 2023

The International Conference on Defence Finance & Economics, organized by the Ministry of Defence (Finance), is held on April 12, 2023. The conference aims to foster dialogue and collaboration among eminent policy makers, academics, and government officials from India and abroad. The focus of the conference is on defence finance and economics in the context of changing security scenarios, with the objective of aligning processes in the Indian context with international standards and disseminating best practices, experiences, and expertise of various countries.

Aim and Objectives

The primary aim of the International Conference on Defence Finance & Economics is to contribute to the country’s defence readiness with optimum financial resources and effective implementation of the Defence Budget. The conference hopes to facilitate collaborations with foreign governments, international institutions, and global leaders in the domain of Defence Finance and Economics to support the Government’s ongoing efforts on indigenisation and self-reliance in the Defence sector.

The objective of the conference is to disseminate best practices, experiences & expertise of various countries and align processes in the Indian context with international standards. Participants will deliberate on different models and practices of finance and economics related to Defence Acquisition around the world, with a focus on managing logistics in a cost-conscious way, finance and economics related to Defence Acquisition, and the latest developments and innovations in Defence Research and Development.

Discussions

The participants of the International Conference on Defence Finance & Economics will also focus on managing human resources in Defence, discussing issues related to pay, pensions, and welfare of Defence Personnel. The discussions will explore current challenges and opportunities in the areas of Defence Finance and Economics, with a view to allocating and using resources efficiently.

International Participation and Expected Outcomes

Eminent policy makers, academics, and government officials from the USA, UK, Japan, Australia, Sri Lanka, Bangladesh & Kenya will participate in the conference. The expected outcome of the conference is to contribute to the country’s defence readiness with optimum financial resources and effective implementation of the Defence Budget.

Significance and Goal

The significance of the International Conference on Defence Finance & Economics lies in its potential to provide a platform for sharing insights and experiences on Defence Finance and Economics in the context of evolving security challenges and policies globally. The ultimate goal of the conference is to advance transformative reforms in the Defence sector.

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