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The defence ministry has set a goal of Rs 1.75 lakh crore in defence manufacturing in the next five years.
The government questions the 119 capital procurement proposals worth Rs 2,15,690 crore which was approved in the last three financial years to promote the domestic defence industry.
Replying to the question, the Minister of State for Defence Ajay Bhatt, said that the government has taken a series of measures to support the indigenous development of defence equipment in line with the ‘Atmanirbhar Bharat’ initiative.
“In the last three financial years, from 2018-19 to 2020-2021, the government has accorded Acceptance of Necessity (AoN) to 119 defence proposals worth Rs 2,15,690 crore approximately, under the various categories of capital acquisition, which promotes domestic manufacturing,” he said.
The minister said that the capital procurement of defence is undertaken from domestic as well as foreign vendors, based on threat perception, operational challenges and to keep the armed forces in a state of readiness.
“In line with the government of India’s initiative of ‘Atmanirbhar Bharat’, it has been decided to earmark an amount of Rs 71,438.36 crore for domestic capital procurement,” he said.
The government now wants to reduce the dependence on imported military platforms and has decided to support domestic defence manufacturing.
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