Defense Ministry approves proposals worth 70 thousand crores for the purchase of weapons


Indian Defense News: India on Thursday permitted the acquisition of indigenously developed navy gear price Rs 70,584 crore. This determination is predicted to present an enormous enhance to home protection manufacturing. Officers stated the Defense Acquisition Council (DAC) headed by Defense Minister Rajnath Singh permitted the procurement proposals.

Choice taken amid ongoing impasse on LAC

New procurement proposals have been cleared amid the practically three-year standoff with China on the Line of Precise Management in japanese Ladakh area. The DAC permitted the Acceptance of Necessity (AON) price Rs 70,584 crore for the procurement of navy gear, below which all purchases can be made below the indigenously designed, developed and manufactured class. Defense Minister Rajnath Singh’s workplace tweeted, indigenous procurement of such a amount is not going to solely inspire Indian industries in direction of reaching the purpose of self-reliant India, however will even scale back India’s dependence on overseas distributors to an excellent extent.

Steps in direction of self-reliance in protection sector

Allow us to let you know that India is transferring in direction of self-reliance within the protection sector. By December 2022, the expenditure on protection purchases from overseas sources has come down to only 36.7 per cent. On the similar time, in 2018-19, the overall expenditure on protection procurement from overseas sources was 46 per cent. Whereas, between 2016 and 2020, India was second in international arms import with 9.5 %, however this import was 33 % lower than the import between 2011-2015. Russia has been probably the most affected by decreasing India’s imports, however the import of protection materials from America has additionally declined by 46 %.

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