Aatm Nirbhar Bharat: Import of 780 more defense equipment and systems will stop, Defense Minister Rajnath Singh approved


Posted on 29th Aug 2022 02:31 pm by rohit kumar

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.

 

Did you know?Explore Trending and Topic pages for more stories like this.

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.

 

Also read: Gujarat News: Kejriwal's election announcement, employment for every youth in Gujarat, 15 lakh jobs every year

1 Like 0 Dislike
Previous news Next news
Other news

Lashkar-Jaish terrorists growing up in Pakistan itself: US report claims - plotting against India

Bankrupt Pakistan is not desisting from giving shelter to terrorism. According to the report of A

Raisina Dialogue: PM Modi will inaugurate Raisina Dialogue; New Zealand PM and Tulsi Gabbard will also participate

Prime Minister Narendra Modi will inaugurate the three-day 'Raisina Dialogue' on Monday. It is In

US Tariffs: 'Nothing was gained from Trump's friendship...', opposition targeted the Modi government over US tariffs

Opposition parties on Wednesday attacked the central government after US President Donald Trump i

Subvariant of Omicron: How dangerous is this new variant of Omicron in India? Why did scientists warn

Subvariant of Omicron in India: Subvariant of Omicron in the country BF-7 and BM-5, 1, 7 have als

Hit & Run Law: Reconciliation between government-transporters; Drivers will return to work immediately, strike ends after assurance

Life was badly affected amid outrage against the new law on hit and run. Transporters went on a n

Taliban lashed out at girl students: Girls were protesting outside the university against the burqa

Taliban officers flogged girls protesting the burqa outside Afghanistan's Badakhshan University.

Vande Bharat Accident: Vande Bharat crashed again after colliding with a cow, stood for 26 minutes, front part was also broken

Semi high-speed train Vande Bharat Express has again crashed in Gujarat. Due to the sudden cow co

PM Modi: PM Modi's post on India's Asia Cup win goes viral, reposted 1.09 lakh times

Prime Minister Narendra Modi's congratulatory message to the Indian cricket team for winning the

Prithvi Shaw: 'Trolling hurts', Prithvi Shaw expressed his pain after remaining unsold in IPL 2025 mega auction.

Prithvi Shaw had set his base price at Rs 75 lakh for the IPL 2025 mega auction. It was expected

MI vs RR: Surykaumar Yadav returned in old colors, and hit a stormy half-century in Wankhede, RR bowlers hit Lanka

Suryakumar Yadav's bat is wreaking havoc on the Wankhede ground. Batting in a stormy manner, Sury

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash