Govt to eliminate multiple defence import projects to promote Make In India


By MYBRANDBOOK


Govt to eliminate multiple defence import projects to promote Make In India

Ahead of promoting Make in India in defence, the Narendra Modi government is going to review all major import cases for the defence forces under the "Buy Global" category. The Buy Global category means that defence forces can fully import the item from foreign vendors.

 

This initiative from the government comes at a time when the Centre is coming up with the new Defence Production and Export Promotion Policy for strengthening defence production within the country and help in their export to friendly foreign countries.

 

The Defence Ministry initiative said that a number of import projects worth thousands of crores would be scrapped and given to Indian companies. The decision would mean that a large number of projects of the Indian Navy, Air Force and the Army would get impacted including the ones in a fairly advanced stage like the Kamov helicopter acquisition project of the Indian Navy.

 

After the projects are shelved, the first preference will be given to Indian Developed Designed and Manufactured (IDDM) products which will make a major boost towards Centre's Make in India initiative and benefit a lot of Indian manufacturers promoting Atma Nirbhar Bharat in the defence sector.

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