Lawstreet Journal

Atmanirbhar Bharat: Defense Ministry announces restriction on import of 101 items including AFVs and high technology weapons

Lawstreet Journal 14 Aug 2020 2:52am

Image courtesy: Lawstreet Journal Executive Atmanirbhar Bharat: Defense Ministry announces restriction on import of 101 items including AFVs and high technology weapons

In a major reform initiative to boost the domestic defense industry, Defence Minister Rajnath Singh on Sunday (August 9, 2020) announced restrictions on import of 101 weapons and military platforms including artillery guns, assault rifles, and transport aircraft.

A separate budget head of Rs 52,000 crore has been created for domestic capital procurement in the current financial year to boost the defense industry in the country.

Artillery guns, light combat helicopter, assault rifles, corvettes, radars, wheeled armoured Fighting Vehicles (AFVs), transport aircraft, and other high technology weapons are among the 101 defense items that will not be imported from now on. All these will now be indigenously manufactured, Rajnath Singh announced on August 9.

Defense minister Rajnath Singh on August 9 said that India is now ready for the big push to the atmanirbhar or self-dependent initiative announced by Prime Minister Narendra Modi.

“The Ministry of Defence is now ready for a big push to #AtmanirbharBharat initiative. MoD will introduce import embargo on 101 items beyond a given timeline to boost indigenization of defense production,” Singh announced on Twitter.

“Prime Minister Shri @narendramodi has given a clarion call for a self-reliant India based on the five pillars, i.e., Economy, Infrastructure, System, Demography & Demand and announced a special economic package for Self-Reliant India named ‘Atamnirbhar Bharat’,” he further said in the series of tweets.

The announcement comes a few days after India brought out a new Defence Production and Export Promotion Policy 2020 (DPEPP 2020) which identified defense manufacturing as a key part of a strategy… Continue Reading...


Tagged: Indian Army  
Disclaimer: SoOLEGAL in Media collaboration with Lawstreet Journal. SoOLEGAL take no responsbility for the content provided by Lawstreet Journal. For any discrepancies Contact Lawstreet Journal.
Did you find this write up useful? YES 0 NO 0
Featured Members view all

New Members view all

×

C2RMTo Know More

Something Awesome Is In The Work

0

DAYS

0

HOURS

0

MINUTES

0

SECONDS

Sign-up and we will notify you of our launch.
We’ll also give some discount for your effort :)

* We won’t use your email for spam, just to notify you of our launch.