India

Atmanirbhar Bharat: Import Embargo On 101 Defence Items, Says Union Minister

New Delhi: In line with Prime Minister Narendra Modi’s Atmanirbhar Bharat mission, the government will stop the import of 101 defence items “beyond given timeline” to boost indigenous production.

Announcing this on Sunday, Defence Minister Rajnath Singh said the embargo will be implemented in phases between 2020 and 2024.

It would mean that the domestic industry will receive contracts worth almost Rs 4 lakh crore within the next six to seven years, he added.

“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 said.

Among others, the embargo list includes high technology weapon systems like artillery guns, assault rifles, corvettes, sonar systems, transport aircraft, light combat helicopters, radars and and wheeled armoured fighting vehicles (AFVs).

The list has been prepared by the defence ministry after consultations with all stakeholders, including the Armed Forces, public and private industry, Singh said.

All steps will be taken to ensure that timelines for production are met. This would involve a coordinated mechanism for “hand-holding of the industry by the Defence Services”, the minister said. The ministry will identify more such equipment for import embargo.

OB Bureau
Share
Published by
OB Bureau

Recent Posts

Rs 2.61 Cr Worth Foreign Currency Seized From Passenger At Howrah Rly Station

Kolkata: The Railway Protection Force (RPF) of Eastern Railway (ER) claimed to have seized foreign… Read More

38 minutes ago

Odisha Congress Chief Bhakta Das Undergoes Surgery For Hand Injury

Bhubaneswar: Newly-appointed Odisha Congress president Bhakta Charan Das underwent a successful surgery for an injury… Read More

45 minutes ago

Thunderstorm Activity With Gusty Wind To Continue In Odisha Till Tomorrow; Check IMD Advisory

Bhubaneswar: Thunderstorm activity with lightning, gusty surface wind and hail may continue in Odisha till… Read More

1 hour ago

Sex Racket Busted In Covert Operation In Odisha’s Bhadrak

Bhadrak: Police busted a sex racket operating from a hotel in Odisha's Bhadrak district late… Read More

2 hours ago

DMRC Breaks Own Record, Reaches Highest Point In Metro Network At Haiderpur Badli

New Delhi: Delhi Metro Rail Corporation (DMRC) claimed to have scaled the highest point till… Read More

2 hours ago

2 Of Odisha Agriculture Office Held For Taking Bribe From Jalanidhi Scheme Beneficiary

Bhubaneswar: The Odisha Vigilance sleuths on Sunday apprehended Assistant Agriculture Officer lock Technology Manager and… Read More

2 hours ago