Procurement of defence equipment increased to 75% of total capital expenditure from 2023-24

Sakshi Education

Defence Minister Rajnath Singh announced that procurement of defence equipment from domestic manufacturers have been increased to 75 percent of total capital expenditure from 2023-24.
Speaking at Bandhan and valedictory ceremony of Aero India in Bengaluru, the Minister said this is a move towards Aatmanirbhar Bharat and added that the trust of government and society on defence industry is increasing.
He stressed that if the Indian defence industry has to move forward, it is necessary to ensure domestic demand for products.
Aero India has shown to the entire world that new India's new defence sector is fully prepared to keep pace with the defence sector of the leading countries of the world.

Published date : 16 Feb 2023 04:36PM