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Shooting for self reliance - Industry News | The Financial Express

Shooting for self reliance - Industry News | The Financial Express
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India s defence budgeting and the point of deterrence

India s defence budgeting and the point of deterrence
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defence: Govt reserved 75 % of defence capital acquisition budget for purchases from local companies: Defence Minister Rajnath Singh

The move is to ensure adequate demand assurance for the domestic industries, he said at the India Manufacturing Show-2023 here, as he listed the steps taken for MSMEs in the defence sector. "We are the first government which imposed restrictions on itself for the import of weapons. We released five positive indigenisation lists, under which 509 equipment have been identified, the manufacturing of which will now take place in India," Defence Minister Rajnath Singh said.

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