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

New Rules March 2024: Many rules will change from today, prepare now otherwise there may be trouble.

The new month i.e. March 2024 will start today. Every new month brings with it some important cha

Team India lost due to weak fielding and bad luck: Harmanpreet's bat got stuck in the pitch, missed the catch, and lost the stumping; Watch the semi-final moments

Australia beat India by 5 runs in a thrilling semi-final of the Women's T20 World Cup. India need

Wrestlers Protest: Brij Bhushan Singh said – Full faith in Delhi Police, Congress is behind the strike

Brij Bhushan Sharan Singh has spoken after the FIR was lodged against him. He has expressed full

ISRO YUVIKA 2023: Notification released for ISRO Young Scientist Program, this is how selection will be for Yuvika

ISRO YUVIKA 2023: If you also want to make your child's career in the field of space science, the

Vande Mataram: 'Millions of people chanted Vande Mataram, that's why we are here', key points from PM Modi's address

A discussion was held in Parliament to mark the 150th anniversary of Vande Mataram. Prime Ministe

Morbi Mishap: Before the visit of the PM, there was a ruckus on the painting of Morbi Hospital, the opposition strongly criticized

Due to the death of more than one hundred and fifty people due to the collapse of the suspension

India-Qatar: India-Qatar signed economic agreements, and will work together in these areas

The Finance Ministry said on Tuesday that India and Qatar have signed an agreement to promote and

SP MP Burke's words: PFI was banned, but why not RSS?, Muslims are being feared

Sambhal MP from SP, Dr. Shafiqur Rahman Burke, who is in a discussion about his statements, has t

IND vs ENG: Samson has not been able to perform consistently well for India, scored three centuries but could not score 5+ runs six times

There are a lot of expectations from star batsman Sanju Samson in the five-match T20 series betwe

'Flaws in India's electoral system': BJP reacts to Rahul Gandhi's statement in Germany, says Congress hates the country's progress.

The Bharatiya Janata Party (BJP) has strongly criticized Congress leader Rahul Gandhi. The BJP ta

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