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

BAFTA 2026 Winners: Farhan Akhtar's film wins the award, 'One Battle After Another' becomes the Best Film

The 79th British Academy Film Awards (BAFTA 2026) were held at the Royal Festival Hall in London

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.

COVID: AstraZeneca had admitted in the court about the side effects of the vaccine, and had told about the risk of even heart attack and stroke.

There is continuous controversy regarding Covishield. Vaccine maker AstraZeneca admitted for the

Ranveer Allahbadia Controversy: Comedian Gaurav Kapoor took a dig at Ranveer, said- who apologized so quickly

After Ranveer Allahabadia's objectionable statement in Samay Raina's show 'India's Got Latent', h

Russia Ukraine War: Boris Johnson said - to continue support for Ukraine until the withdrawal of Russian President Putin

The Russian-Ukraine War has completed for 6 months on Tuesday. But so far no solution has been fo

Major Relief for Migrant Workers: No Shortage of 5-kg Cylinders; Government Doubles the Quota.

Amidst the disruptions in LPG cylinder supplies in India caused by the war in the Middle East, th

High alert issued in states bordering Nepal, soldiers searching people at the border

The situation in Nepal is going from bad to worse. Meanwhile, the Nepal Army has imposed curfew,

'Future generations will evaluate us', PM Modi said about Gujarat- I never saw such heavy rain during my tenure as Chief Minister

Prime Minister Narendra Modi has stressed the importance of water conservation and said that it i

Imran is the biggest gimmick, even left behind Shahrukh-Salman in acting; the Pak leader said on firing

Jamiat Ulema-e-Islam (F) chief Maulana Fazlur Rehman termed the Pakistan Tehreek-e-Insaf (PTI) lo

US Capitol Riot: Police can prosecute Donald Trump in US Parliament riot case

Difficulties may increase in the case of riots on January 6, 2021, at the US Parliament (Capitol

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