Defence Minister Rajnath Singh on Monday said that more items will be added to a list of 101 military equipment, whose import the Centre has banned. The move will save “crores of rupees in imports,” he said.
On Sunday, the Union minister had announced that the Centre will impose an embargo on the import of 101 military items “beyond a given timeline” to promote indigenisation in the defence sector, in line with the vision to make the Indian economy self-reliant amid the coronavirus crisis.
At the inaugural session of the “Atmanirbharta Saptah [self-reliant week]”, which was done through video conferencing in Kolkata, Singh said the ban of defence equipment is a “big step” towards making India self-reliant.
“This list of negative items contains not only small items but weapon systems of high and critical technology,” Singh said. “More such items will be added to this list shortly which will save crores of rupees in imports.”
The defence minister also praised the central government for its “timely and thoughtful interventions” during the Covid-19 pandemic such as raising foreign direct investment limits, issuing a negative import list and creating a separate budget for domestic capital procurement.