India Pursues Self-Reliance in Defense Production, Spurred by Global Supply Chain Disruptions
NEW DELHI India is taking steps to become self-reliant in defense production, after disruptions to the global supply chain due to the pandemic.
Foreign direct investment in defense production has increased to 74 percent, from 49 percent, and the government says it will promote “made in India” in that industry.
That was one of the steps outlined by the country’s finance minister, Nirmala Sitharaman, after Prime Minister Narendra Modi announced a special economic package of $307.65 billion (20 lakh crores) under its “Aatma Nirbhar Bharat Abhiyaan,” or “Self-Reliance Campaign.”
“A list of weapons/platforms will be released which will be banned for import based on a year wise timeline. Further, the government has planned to improve the autonomy, accountability, and efficiency in Ordnance Supplies by the corporatization of Ordnance Factory Board,” the Indian government said