Defense Minister Rajnath Singh has approved a fresh list of 780 components and subsystems, which will be procured from domestic industry only after imports are banned within a time frame of six years. The third 'positive indigenization' list aims to reduce imports by Defense Public Sector Undertakings (DPSUs).
The Ministry of Defense has set a specific time frame for the import ban of goods in the period from December 2023 to December 2028. Defense Minister Rajnath Singh has approved the third list of 780 Line Replacement Units with a time limit, after which they will be procured only from the domestic industry, the statement said.
This list is in continuation of two similar positive lists brought out in December 2021 and March 2022. The Defense Ministry has set a target of USD 25 billion (Rs 1.75 lakh crore) in business in defense manufacturing over the next five years, which includes exports of military hardware worth USD 5 billion.
Indigenization will be done under the 'Make' category
Indigenization of these items will be done through various routes under the 'Make' category, the ministry said. The 'Make' category aims at achieving self-reliance by involving greater participation of the Indian industry in defense manufacturing. The Indian Armed Forces are estimated to spend around US$130 billion in capital procurement over the next five years. The government has now decided to reduce dependence on imported military platforms and support domestic defense manufacturing.
'Hardik Pandya for 20-25 balls..', the veterans got angry after Team India's defeat; Gambhir was also not spared.
England cricket team defeated India by 26 runs in the third T20 International match. In this match played in Rajkot, England batted first and scored 171 runs for the loss of 9 wickets in the
IND vs ENG: Ashwin created history in the Test, the first Indian player to achieve this feat against England
India's experienced spinner Ravichandran Ashwin achieved a major achievement during the fourth Test match against England. Ashwin trapped Jonny Bairstow LBW in England's first innings on Friday
LokSabha Polls: In some places, the candidates returned the tickets and in some places, they took back the papers; How did Congress get into trouble before the elections?
Lok Sabha elections are currently going on in the country. Voting has taken place in two phases. In the seats where voting is yet to be held, all the parties are putting their efforts
Father's Day 2023: Your gift will touch your father's heart, if you give this gift on Father's Day
Father's Day 2023 Gift Ideas: This year, Father's Day is being celebrated worldwide on 18 June. Father's Day is a special day dedicated to every father. The mother gives birth to the child, but the
Asia Cup: Former spinner Muttiah Muralitharan's taunt on India's head coach, said- Dravid great batsman, but my ball...
Sri Lankan great spinner Muttiah Muralitharan says current Indian coach Rahul Dravid is included in the list of great batsmen who could not find a way to read his ball. Muralitharan said during an
Pakistan: PAK security forces were guarding the Balochistan-Iran border, terrorists were targeted, and 4 soldiers killed
On Wednesday, terrorists carried out a cowardly act on Pakistan's border with Iran. Terrorists have attacked a convoy of Pakistani security forces. In which four soldiers have died. Inter-Services
SSC CGL Final Revised Results: SSC CGL Final Revised Result released, candidates who failed earlier have now passed.
SSC has released the CGL Final Revised Result (SSC CGL 2023 Final Revised Results). The revised result of the Combined Graduate Level Examination (CGLE), 2023) final result has been released by the
Sanjay Nirupam: 'Expulsion action after resignation', Sanjay Nirupam's counterattack after being expelled from Congress
Former MP Sanjay Nirupam on Thursday took a dig at the Congress leadership over his expulsion from the party. He claimed that the party did this after sending his resignation on his behalf. Earlier,
Ladakh violence leaves four dead, 70 injured, curfew imposed, and internet banned; BJP accuses Congress of conspiracy.
The ongoing protest demanding statehood and inclusion of Ladakh in the Sixth Schedule turned violent on Wednesday. Four people were killed and 70 others, including 30 police and CRPF personnel, were
Himachal Weather: 1239 roads closed in Himachal, 1400 bus routes suspended, milk-bread carts sent back from Parwanoo
In Himachal Pradesh, there has been an outcry due to torrential rains for more than 72 hours. Within two days, 21 people have lost their lives. Eight more people died on Monday while six have been
