Defence

India prepares list of embargoed import items, takes Atmanirbhar Bharat up a notch

Under the aegis of Atmanirbhar Bharat, the Ministry of Defence has prepared a list of 101 items for which there would be an embargo on the import beyond the timeline indicated against them, thus pushing for self-reliance in defence.

The decision will offer an opportunity to the domestic defence industry to manufacture the items in the negative list by using their own design and development capabilities or adopting the technologies designed and developed by DRDO to meet the requirements of the Armed Forces.

The list was prepared by the MoD after several rounds of consultations with all stakeholders, including the Armed Forces, public and private industry, to assess current and future capabilities of the Indian industry for manufacturing various ammunition and equipment within India.

Almost 260 schemes of such items were contracted by the tri-Services at an approximate cost of Rs 3.5 lakh crore between April 2015 and August 2020. It is estimated that contracts worth almost Rs 4 lakh crore will be placed upon the domestic industry within the next 6 to 7 years.

Of these, items worth almost Rs 1,30,000 crore each are anticipated for the Army and the Air Force while items worth almost Rs 1,40,000 crore are anticipated by the Navy over the same period

 

BY ET News

Facebook Comments

Source
ET News
Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close
Close