Defense Minister Rajnath Singh’s big announcement

India’s Defense Minister Rajnath Singh has announced that the Ministry of Defense is now getting ready to play a big role in the Self-Reliant India initiative.

In order to promote indigenization in the matter of defense production and to increase the self-reliance of the army, the Ministry of Defense will impose a ban on import of embargo i.e. more than 101 items.

The Defense Minister said that the list of these items has been prepared by the Ministry of Defense after consulting several times with all the concerned parties. It also includes armed forces, private and public sector industries to assess the capability to produce war equipment in the present and future.

After the discussion, a list of 101 items has been prepared which includes not only common items but also some high-tech weapons such as artillery guns, assault rifles, transport aircraft, LCHs radar and other things that served the defense of the country. Meets the needs.

He said that for the next 6-7 years, the Defense Minister has given a contract of four lakh crores to the domestic defense industry.

Apart from this, he has announced a separate budget of 52 thousand crores for the domestic defense industry in the current financial year 2020-21.

He said that instead of imposing a ban on the import of these goods immediately, there is a plan to be implemented gradually between 2020 and 2024.

He further explained that out of these, items worth about Rs 1,30,000 crore will be for the Army and Air Force, while items worth Rs 1,40,000 crore will be prepared for the Navy.

He said that all steps will be taken to ensure that the production of all equipment is completed within the time limit as per the negative import list. For this, a coordination mechanism will be developed between defense services and industry.

He further said that after consulting all the concerned parties, marking such other items and ban their import.