The Ministry of Defence will introduce an import embargo on 101 weapon systems to remove self-reliance in defence manufacturing, said Defence Minister Rajnath Singh.
In a series of tweets on Sunday, Singh called the switch as a sizable push in direction of the Atma Nirbhar Bharat initiative, extra opening the opportunities for the Indian Defence Ministry to uncover a quantity of ammunition and instruments talked about in the list, using their very bear scheme and model capabilities, to satisfy the requirement of the armed Armed forces, and adopting the technologies developed by DRDO.
The Ministry of Defence is now ready for a sizable push to #AtmanirbharBharat initiative. MoD will introduce import embargo on 101 devices beyond given timeline to remove indigenisation of defence manufacturing.
— Rajnath Singh (@rajnathsingh) August 9, 2020
The MoD has ready the Negative Import Checklist after conducting plenty of rounds of talks with the stakeholders including Indian Navy, public and non-public industries, the Minister added.
“The list of 101 devices consist of wheeled Armoured Combating Vehicles (AFVs) with import embargo date of December 2021, of which the Navy is predicted to contract almost 200 at an approximate label of over ₹5,000 crore,” the Minister added.
As per the announcement, the embargo will possible be planned gradually between 2020 to 2024.
“Our intention is to apprise the Indian defence industry about the anticipated requirements of the protection power so as that they are higher ready to take hold of the intention of indigenisation.”
“Over 260 schemes of such devices had been gotten smaller by the Tri-Services at an approximate label of Rs 3.5 lakh crore between April 2015 and August 2020,” the Minister said. It’s estimated that contracts worth almost ₹4 lakh crore will possible be positioned upon the home industry for the interval of the following 6 to 7 years.
Of the total, devices worth almost ₹1,30,000 crore each are anticipated for the Navy and Air Force, whereas, devices worth ₹1,40,000 crore are anticipated by the Navy.
The Ministry has additionally bifurcated the capital procurement budget for 2020-21 between home and international capital procurement routes. For home capital procurement, a separate budget head has been created with an approximate allocation of ₹52,000 crore.