Insta
Boosting Defence Manufacturing: Focus On Make In India, Corporatisation Of OFB, Increasing FDI Limits And More
Akash missile system operating in conjunction with Rajendra radar. (Frontier IndiaNews/Wikimedia)
Finance Minister Nirmala Sitharaman on Saturday (16 May) began her fourth tranche of announcements pertaining to the Rs 20 lakh crore economic package under Atmanirbhar Bharat vision.
FM Nirmala Sitharaman said that structural reforms will be the focus of fourth tranche of economic stimulus package with an aim to boost growth, create jobs in the country.
She announced that government will notify a list of weapons/platforms for ban on import with year wise timelines.
Moreover, indigenisation of imported spares would be promoted along with corporatisation (not privatisation) of Ordnance factory board.
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