make-in-idniaSelf-reliant India (Aatmanirbhar Bharat) to remove dependence on imports to meet defense requirements in the defense sector And to promote Make in India, Rajnath Singh said that the third positive indigenization list of 101 defense equipment and platforms is being released. With the release of this list, the rapid pace of our self-reliance in the defense sector can be gauged.

These 101 defense equipment will be made in the country

Announcing the list, Rajnath Singh said that the list of 101 military systems and weapons includes sensors, arms and ammunition, helicopters for the Navy, patrol ships, anti-ship missiles and anti-radiation missiles. He said that the third positive indigenization list of 101 defense equipment and platforms is being issued. With the release of this list, the rapid pace of our self-reliance in the defense sector can be gauged.

self-reliance in the field of defense

In August 2020, the first list of 101 items to be produced in the country was released, which includes Toad artillery guns, short-range surface-to-air missiles, cruise missiles and maritime patrol ships. At the same time, in May 2021, the government announced the manufacture of 108 more defense equipment, weapons and systems. The Defense Minister said the two objectives of the release were to promote self-reliance in the defense sector and to promote export of defense equipment.

It is estimated to cost ₹130 billion in 5 years

Over the years, the government has taken several steps to boost domestic defense production. According to an estimate, India’s armed forces are going to spend 130 130 billion dollars on defense needs in the next 5 years. The central government wants to reduce its dependence on imported military needs by promoting domestic defense production. The Defense Ministry has set a trade target of ₹25,25 billion (Rs 1.75 lakh crore) with a defense export target of ₹55 billion (Rs 35,000 crore) in defense production over the next five years.

Defense companies shares rose

After the announcement of the government, there was heavy buying in the shares of the defense sector. HAL shares rose 2.26 per cent, Bharat Dynamics 9.45 per cent, Bharat Electronics 6.80 per cent and Reliance Naval 4.18 per cent.

Source