TIWN
New Delhi, May 14 : The defence ministry has approved a fresh list of 928 components and subsystems which will only be procured from domestic industry after a ban on their import kicks in under a staggered timeline of around five-and-a-half years.
The ministry on Sunday said the aim of the move is in sync with the government's overall aim to promote 'Aatmanirbharta' (self-reliance) in defence production.
It is the fourth such "positive indigenisation list (PIL)" comprising line replacement units, sub-systems and components used for various military platforms, equipment and weapons.
"To promote 'Aatmanirbharta' in defence and minimise imports by defence public sector undertakings, the Ministry of Defence has approved fourth Positive Indigenisation List (PIL) of 928 strategically-important line replacement units/sub-systems/spares and components, including high-end materials and spares, with import substitution value worth Rs 715 crore," the ministry said in a statement.
The aim of the indigenisation list is to minimise imports by the defence public sector undertakings (DPSUs).
The defence ministry has set specific timelines for import ban of the items, spanning the period from December 2023 to December 2028.
- IMF expects India to rev up global growth as China falters, backs Modi government's economic policies
- realme set to shake up market: Launching fastest entry-level 5G smartphone 'C65' under Rs 10k
- India's industrial production accelerates to 5.7pc in Feb
- India records 17 pc jump to become 4th largest exporter of digital services: WTO report
- 300 pc rise in market cap to Rs 400 lakh crore in last 10 years driven by strong economic fundamentals