Defence Minister Rajnath Singh Put Emergo On 101 Items, Push Atmanirbhar Bharat, Boost Budget To Rs 52,000 Crore

New Delhi: Union defence minister Rajnath Singh in a major annoncement on Sunday put embargo 101 items to give a boost to indigenous defence production in a bid to strengthen the Atmanirbhar Bharat initiative taken by the PM Narendra Modi.

The Ministry of Defence is now ready for a big push to #AtmanirbharBharat initiative. MoD will introduce import embargo on 101 items beyond given timeline to boost indigenisation of defence production.

— Rajnath Singh (@rajnathsingh) August 9, 2020

He said that the decision to embargo 101 items will give a big boost to India’s self-reliant initiatives in the defence sector. Singh said that this presents an opportunity for the nation’s defence industry to manufacture the items in the embargoed list by using their own design or by adopting the technologies developed by the DRDO.

Prime Minister Shri @narendramodi has given a clarion call for a self-reliant India based on the five pillars, i.e., Economy, Infrastructure, System, Demography & Demand and announced a special economic package for Self-Reliant India named ‘Atamnirbhar Bharat’.

— Rajnath Singh (@rajnathsingh) August 9, 2020

Meanwhile, minister tweeted the list is prepared by MoD after several rounds of consultations with all stakeholders, including the Armed Forces, public & private industry to assess current and future capabilities of the Indian industry for manufacturing various ammunition & equipment within India.

The list is prepared by MoD after several rounds of consultations with all stakeholders, including the Armed Forces, public & private industry to assess current and future capabilities of the Indian industry for manufacturing various ammunition & equipment within India.

— Rajnath Singh (@rajnathsingh) August 9, 2020

Also, MoD has also bifurcated the capital procurement budget for 2020-21 between domestic and foreign capital procurement routes. A separate budget head has been created with an outlay of nearly Rs 52,000 crore for domestic capital procurement in the current financial year.

MoD has also bifurcated the capital procurement budget for 2020-21 between domestic and foreign capital procurement routes. A separate budget head has been created with an outlay of nearly Rs 52,000 crore for domestic capital procurement in the current financial year.

— Rajnath Singh (@rajnathsingh) August 9, 2020