Insta
Modi Govt's Big Push For Make In India, Likely To Scrap, Put On Hold Multiple Defence Import Projects
Swarajya Staff
Jan 11, 2022, 10:44 AM | Updated 10:43 AM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
In a big push towards self-reliance in defence sector and to give phillip to the Make in India initiative, the government is reportedly planning to shelve some major defence import projects being acquired through the Buy (Global) route.
The move comes as the government is working on the new Defence Production and Export Promotion Policy that will lay down the way ahead for boosting domestic defence production as well as export of the defence products to the friendly foreign countries.
A high-level virtual meeting of the Defence Ministry will take place on Wednesday in which the import projects under Buy (Global) category would be reviewed and are likely to be scrapped or put on hold by the government, news agency ANI quoted government sources as saying.
Under Buy Global category, the Indian Armed Forces can fully import the defence items from foreign vendors.
However, ANI cited sources as saying that now the first preference would be given to the acquisition of Indian Developed, Designed and Manufactured (IDDM) products.
With this major push for 'Make in India', the local manufacturers would be able to receive contracts for projects worth several thousand crore.
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Introducing ElectionsHQ + 50 Ground Reports Project
The 2024 elections might seem easy to guess, but there are some important questions that shouldn't be missed.
Do freebies still sway voters? Do people prioritise infrastructure when voting? How will Punjab vote?
The answers to these questions provide great insights into where we, as a country, are headed in the years to come.
Swarajya is starting a project with an aim to do 50 solid ground stories and a smart commentary service on WhatsApp, a one-of-a-kind. We'd love your support during this election season.
Click below to contribute.