Indian defence Minister Rajnath Singh on Sunday tweeted and informed that India will stop the imports of 101 defence equipments after the pact with the respected countries on this regard ends.
This is done keeping the agenda of self reliant India. The decision will be e applied between December 2020 to December 2025. And Indian manufacturers will be motivated to create the equipments within the country. Kab will be on equipments like Assault rifle, Sniper rifle, Drone, Survey vehicle, Floating Dock, etc.
India currently imports 59% from Russia, 19% from America, 11% from Israel and 7% from France. Till date India has bought weapons worth ₹24 lakh crore from America since the year 2007. India has an agreement for S-400 missile defence system amounting to ₹45000 crore with Russia and 36 Rafale fighter jets from France. It is to be noted that India is the third biggest buyer of weapons in the world.
The top 5 government countries who you may be given the permission to produce the weapons are Hindustan Aeronautics Limited, Bharat electronics Limited, BEML Limited, Mishra Dhatu Nigam Ltd. and Bharat Dynamics Limited. In the next 6 to 7 years, around ₹4 lakh crore will be given to the Indian companies. In this 1.3 lakh crore for army, 1.4 lakh crore for navy and 1.3 lakh crore for air force will be used to buy the necessary defence equipments.
Eduindex News 