Rs.52,000 crore for procurement from domestic vendors
A draft of Production and Export Promotion policy proposes the establishment of an aero-engines complex with a focus on Maintenance Repair Overhaul (MRO) as well as critical technologies and exports of Rs.1.75 lakh crore by 2025.
This was announced by Defence Minister Rajnath Singh told a ‘Atmanirbhar Bharat initiatives of MoD at Defence Industry Outreach’ webinar on 27 Aug 2020.
The policy has set an export target of 25% of the revenue, he pointed out.
To promote Atmanirbhar Bharat in the defence manufacturing, a separate budget of Rs.52,000 crore has been set aside for procurement from domestic vendors.
Speaking on MoD recently issuing a negative list of 101 defence items, Singh said, “After a certain period of time these items will not be procured from outside. This list is the beginning of a process that has the potential to transform the defence industry.”
This list of 101 items includes not only minor parts but also warfare systems, integrated platforms, combat vehicles.
“This list is just a beginning so that in the coming time, defence equipment worth Rs.1.40 lakh crore will be purchased domestically,” said Singh.
Singh underlined, “Self-reliance is actually another form of our confidence and strength.
“According to the formula presented by our Prime Minister five ‘I’, i.e., Intent, Inclusion, Investment, Infrastructure and Innovation, we have taken steps towards increasing our own strength. Its results have also started coming in front of us.”
Today’s webinar was another step of Outreach to Industry which aimed to evolve a mutually beneficial and pragmatic road map in consonance with industry expectations and capabilities.
The webinar, organized by FICCI, had representation from all three Services, MoD, DRDO and industry covered energising strategies to develop niche tech and promote a culture of innovations.
It was decided to develop a large ecosystem with a well-defined role for all stakeholders, MSMEs as tier-I, tier-III suppliers, start-ups and academia as innovators, industry houses as aggregators, testing & quality assurance services providers. #defence #makeinindia #procurement #vendors #exports #manufacturing /fiinews.com
