By means of PTI
BENGALURU: In a vital announcement, Defence Minister Rajnath Singh on Wednesday stated the federal government will spend 75 consistent with cent of the entire defence capital outlay for procurement from home defence producers from 2023-24.
The verdict will imply surroundings apart round Rs 100,000 crore for procurement of army platforms and kit from the Indian producers, he stated.
Singh made the announcement at an tournament the place a number of agreements and generation switch agreements had been firmed up amongst numerous defence firms which participated in Aero India 2023.
“This is a very important resolution which is able to additional give a boost to the home defence production sector,” Singh stated.
He additionally stated that Aero India 2023 has proven that the Indian defence sector is able to march forward at the side of best world defence firms.
The MoUs and generation switch agreements signed right through Aero India will facilitate a brand new starting for defence production in India, he stated.
A brand new bankruptcy in India’s aerospace sector has begun lately, he stated relating to the agreements.
ALSO READ | BrahMos missile on my own can take India’s defence exports to USD 3 billion by way of 2026
BENGALURU: In a vital announcement, Defence Minister Rajnath Singh on Wednesday stated the federal government will spend 75 consistent with cent of the entire defence capital outlay for procurement from home defence producers from 2023-24.
The verdict will imply surroundings apart round Rs 100,000 crore for procurement of army platforms and kit from the Indian producers, he stated.
Singh made the announcement at an tournament the place a number of agreements and generation switch agreements had been firmed up amongst numerous defence firms which participated in Aero India 2023.
“This is a very important resolution which is able to additional give a boost to the home defence production sector,” Singh stated.
He additionally stated that Aero India 2023 has proven that the Indian defence sector is able to march forward at the side of best world defence firms.
The MoUs and generation switch agreements signed right through Aero India will facilitate a brand new starting for defence production in India, he stated.
A brand new bankruptcy in India’s aerospace sector has begun lately, he stated relating to the agreements.
ALSO READ | BrahMos missile on my own can take India’s defence exports to USD 3 billion by way of 2026
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