Atmanirbhar
By NewsByts Team
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Economy, India, , ,

Defence equipment worth Rs 1.40 lakh crore will be purchased domestically in the coming time: Rajnath Singh

Union Defence Rajnath Singh on Thursday asserted that in the coming time, defence equipment worth Rs 1.40 lakh crore will be purchased domestically. Speaking at the Defence Industry Outreach Webinar, Singh said that the government has made several bold policy reforms to promote self-reliance in the defence sector.  On the Defence Ministry issuing a negative list of 101 defence items on the valuable suggestion of Prime Minister Narendra Modi, Singh said, “After a certain period of time these items will not be procured from outside. This list…
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By NewsByts Team
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India, National Security, ,

Defence Minister Rajnath Singh imposes import embargo on 101 items including artillery guns, self assault rifles

In a major push for Prime Minister Narendra Modi's Make in India initiative, Union Defence Minister Rajnath Singh on Sunday (August 9) announced that the Ministry of Defence was set to embrace the "Atma Nirbhar Bharat" initiative and would introduce import embargo on 101 weapon systems beyond given timeline to realise the goal of indigenisation of defence products. "The embargo on imports is planned to be progressively implemented between 2020 to 2024. Our aim is to apprise the Indian defence industry about the anticipated requirements of the…
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