From indigenous production to global exports: Centre recounts India’s defence leap
India’s defence sector has witnessed an "extraordinary transformation" over the last eleven years, the Central government said on Tuesday.
India’s defence sector has witnessed an "extraordinary transformation" over the last eleven years, the Central government said on Tuesday.
During his two-day visit to Spain on January 13-14, External Affairs Minister S Jaishankar met with Spain Defence Minister Margarita Robles and noted that the C-295 Aircraft Assembly line plant at Vadodara has been an important project and has taken the defence and security cooperation between the two countries to the next level.
The total estimated requirement of funds for establishment of the 85 new KVs and expansion of 1 existing nearby KV is Rs 5872.08 crore (approximately) spread over a period of eight years from 2025-26.
The Defence Budget has touched Rs 6,21,540.85 crore in the Financial Year 2024-25. This comes out to be 13.04 per cent of the total Interim Budget.
Four positive indigenisation lists were issued for Defence Public Sector Undertakings, marking 4,666 items for indigenous production, he added.
A Self-reliance in defence sector will have middle and long-term benefits, said Defence Minister Rajnath Singh pointing out that it will help in building the foundation of a robust industrial base in India.
Indian Navy's Annual Refit Conference and Annual Infrastructure & Indigenisation Conference for the year 2022 was inaugurated by Vice Admiral MA Hampiholi, AVSM, NM, Flag Officer Commanding-in-Chief, Southern Naval Command at Headquarters, Southern Naval Command, Kochi on 31 March.
The foreign investments will be subjected to scrutiny on grounds of national security and the government will have the right to review any investment that has a bearing on the country's security.
'Efforts being made to boost defence production, develop new technology and give a big role to private players in the defence sector,' PM said.
As per the draft Defence Production and Export Promotion Policy (DPEPP 2020) announced on Monday, this list would be updated periodically, without compromising on the operational requirements of the Services, to allow lead-time to industry to prepare itself for any such procurement which is likely to come up, subsequent to the indicated embargo date.
