New Delhi, August 9
India Inc on Sunday mentioned the Centre’s choice to impose restrictions on import of 101 weapons and navy platforms, and creation of a separate price range for home capital procurement within the present monetary yr was a ‘path-breaking’ reform in direction of turning into self-reliant and can enhance indigenous defence manufacturing.
In a serious reform initiative to spice up the home defence trade, Defence Minister Rajnath Singh on Sunday introduced restrictions on import of 101 weapons and navy platforms, together with artillery weapons, assault rifles and transport plane.
“The Ministry of Defence is now ready for a big push to #AtmanirbharBharat initiative,” Singh mentioned on Twitter whereas making the announcement.
He mentioned the Ministry of Defence (MoD) has ready an inventory of 101 gadgets for which the embargo on imports is deliberate to be progressively carried out between 2020 and 2024.
“MoD has also bifurcated the capital procurement budget for 2020-21 between domestic and foreign capital procurement routes. A separate budget head has been created with an outlay of nearly Rs 52,000 crore for domestic capital procurement in the current financial year,” the Defence Minister tweeted.
Welcoming the initiative, CII director-general Chandrajit Banerjee mentioned the Defence Minister’s announcement of detrimental import checklist of defence techniques and platforms marked the launch of a brand new glide path for ‘Atmanirbhar Bharat’.
“Announcement of Rs 52,000 crore for domestic capital procurement coupled with the list of 101 items for import embargo gives a tremendous boost to Atmanirbhar Bharat and indigenous defence manufacturing,” he added.
Terming it a ‘path-breaking announcement’, the Confederation of Indian Industry (CII) mentioned: “Today is a historic day for the Indian industry in the defence and aerospace sector. We can assure the Defence Minister that the Indian defence and aerospace industry will rise to the challenge and opportunities therein.”
SP Shukla, chair, FICCI Defence Committee, mentioned the transfer was an incredible leap ahead in direction of constructing a self-reliant India.
“FICCI applauds the announcement of 101 #defence items for embargo on imports. A great leap forward for #AtmanirbharBharat in RakshaUtpadan,” Shukla tweeted.
“Great move to earmark Rs 52K cr for domestic capital procurement. It fulfils a request by FICCI Defence Committee to provide long-term visibility on defence procurement plans. Industry can now plan its capex and production capacity,” he mentioned in one other tweet.
Assocham Secretary General Deepak Sood mentioned with India being amongst the most important importers of weapons, ammunition and excessive know-how techniques for the armed forces, self-reliance in defence manufacturing was probably the most desired coverage initiative.
“Increased capabilities in defence production not only offer a great economic opportunity for the domestic industry but also give an immense strategic advantage to the country in a fast-evolving geopolitical situation,” he added.
The checklist of 101 embargoed gadgets contains some high-technology weapon techniques reminiscent of artillery weapons, assault rifles, corvettes, sonar techniques, transport plane, gentle fight helicopters (LCHs), radars and plenty of different gadgets.
Rajnath Singh mentioned all essential steps can be taken to make sure that timelines for home manufacturing of apparatus recognized below the detrimental checklist for import are met, including the measures would come with a coordinated mechanism for hand-holding of the trade by the defence companies.
“The embargo on imports is planned to be progressively implemented between 2020 and 2024. The aim behind the promulgation of the list is to apprise the Indian defence industry about the anticipated requirements of the armed forces so that they are better prepared to realise the goal of indigenisation,” he mentioned. PTI