New Delhi: The Ministry of Defence will introduce import embargo on 101 gadgets past given timeline to enhance indigenisation of defence manufacturing, Defence Minister Rajnath Singh introduced on Sunday, whereas stating it as an enormous step in the direction of ‘Atmanirbhar Bharat’ (self-reliance) in defence.
In a sequence of tweets, he made some main bulletins and mentioned that Defence Ministry has ready a listing of 101 gadgets for which there could be an embargo on the import past the timeline indicated in opposition to them.
The Minister additionally mentioned that the Defence Ministry has additionally bifurcated the capital procurement funds for 2020-21 between home and international capital procurement routes. A separate funds head has been created with an outlay of almost Rs 52,000 crore for home capital procurement in the present monetary 12 months, he mentioned.
“The Ministry of Defence is now ready for a big push to #AtmanirbharBharat initiative. MoD will introduce import embargo on 101 items beyond given timeline to boost indigenisation of defence production,” Singh tweeted.
“Prime Minister Narendra Modi 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 ‘Atmanirbhar Bharat’,” he mentioned in one other tweet.
“Taking cue from that evocation, the Ministry of Defence has prepared a list of 101 items for which there would be an embargo on the import beyond the timeline indicated against them. This is a big step towards self-reliance in defence. #AtmanirbharBharat”,” he mentioned.
The Defence Minister mentioned that the choice will supply a fantastic alternative to the Indian defence trade to manufacture the gadgets in the damaging checklist by utilizing their very own design and growth capabilities or adopting the applied sciences designed and developed by DRDO to meet the necessities of the Armed Forces.
“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,” he tweeted.
“Almost 260 schemes of such items were contracted by the Tri-Services at an approximate cost of Rs 3.5 lakh crore between April 2015 and August 2020. It is estimated that contracts worth almost Rs 4 lakh crore will be placed upon the domestic industry within the next 6 to 7 years,” he tweeted.
“Of these, items worth almost Rs 1,30,000 crore each are anticipated for the Army and the Air Force while items worth almost Rs 1,40,000 crore are anticipated by the Navy over the same period. #AtmanirbharBharat,” the Minister tweeted.
Singh mentioned that extra tools for import embargo could be recognized progressively by the Department of Military Affairs (DMA) in session with all stakeholders.
“The list also includes, wheeled Armoured Fighting Vehicles (AFVs) with indicative import embargo date of December 2021, of which the Army is expected to contract almost 200 at an approximate cost of over Rs 5,000 crore,” he tweeted.
“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 Armed Forces so that they are better prepared to realise the goal of indigenisation,” the Minister mentioned in one other tweet.
“All necessary steps would be taken to ensure that timelines for production of equipment as per the Negative Import List are met, which will include a co-ordinated mechanism for hand holding of the industry by the Defence Services,” he mentioned.