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Revised PPO to boost domestic medical device manufacturing in line with Make in India Revised PPO to boost domestic medical device manufacturing in line with Make in India 05 April 2021 | News This comes as a great relief to the 85 per cent import dependence forced upon India and an ever increasing import bill of over Rs 42000 crore Source credit: Shutterstock The revised notice issued by The Department of Pharmaceuticals (DoP) on the Public Procurement Order (PPO) on March 25, 2021, where they have incorporated 19 medical devices in the revised guidelines of the PPO will boost domestic medical device manufacturing by strengthening ‘Make in India’ and is estimated to reduce imports bill by approx Rs 4000 crore. This comes as a great relief to the 85 per cent import dependence forced upon India and an ever-increasing import bill of over Rs 42000 crore. ....
Contract for indigenously designed Light Combat Helicopter likely to be signed soon: Rajnath ANI | Updated: Feb 22, 2021 23:40 IST New Delhi [India], February 22 (ANI): Noting that India plans to spend USD 130 billion on military modernization in the next five years, Defence Minister Rajnath Singh said on Monday that orders for 83 LCA MK1A worth Rs 48,000 crore have been awarded to HAL recently and the contract for indigenously designed Light Combat Helicopter is likely to be signed soon. He also said that the Ministry is working on bringing down delays in timelines of capital acquisition and efforts will be made to complete the defence acquisition within two years, instead of the existing three-four years being taken on the average. ....