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New Delhi:
The defence ministry will cease the import of 101 objects “beyond given timeline” to spice up indigenous manufacturing based on Prime Minister Narendra Modi’s mission of Atma Nirbhar Bharat (Self-Reliant India), Union minister Rajnath Singh stated immediately. This would imply that the home business will obtain contracts price nearly Rs four lakh crore throughout the subsequent six to seven years. The embargo can be carried out in phases between 2020 and 2024, the minister stated.
Almost 260 schemes of such objects had been contracted by the tri-services at an approximate value of Rs 3.5 lakh crore between April 2015 and August 2020, the minister stated.
Almost 260 schemes of such objects had been contracted by the Tri-Services at an approximate value of Rs 3.5 lakh crore between April 2015 and August 2020. It is estimated that contracts price nearly Rs four lakh crore can be positioned upon the home business throughout the subsequent 6 to 7 years.
— Rajnath Singh (@rajnathsingh) August 9, 2020
Of these, objects price nearly Rs 1.Three lakh crore every are anticipated for the military and the Air Force whereas objects price nearly Rs 1.four lakh crore are anticipated by the Navy over the identical interval.
Of these, objects price nearly Rs 1,30,000 crore every are anticipated for the Army and the Air Force whereas objects price nearly Rs 1,40,000 crore are anticipated by the Navy over the identical interval. #AtmanirbharBharat
— Rajnath Singh (@rajnathsingh) August 9, 2020
The listing additionally contains, wheeled Armoured Fighting Vehicles (AFVs) with indicative import embargo date of December 2021, of which the Army is predicted to contract nearly 200 at an approximate value of over Rs 5,000 crore. #AtmanirbharBharat
— Rajnath Singh (@rajnathsingh) August 9, 2020
The listing has been ready by the defence ministry after consultations with all stakeholders, together with the Armed Forces, private and non-private business.
“This decision will offer a great opportunity to the Indian 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 the DRDO (Defence Research and Development Organisation) to meet the requirements of the Armed Forces,” the minister stated.
All steps can be taken to make sure that timelines for manufacturing are met. This would contain a coordinated mechanism for “hand-holding of the industry by the Defence Services”, the minister stated. The ministry will establish extra such tools for import embargo.
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