Focus on 'Make In India' as Union Defence Minister Rajnath Singh gets ready to launch 'Atma Nirbhar Bharat Saptah' on August 10
India

Focus on ‘Make In India’ as Union Defence Minister Rajnath Singh gets ready to launch ‘Atma Nirbhar Bharat Saptah’ on August 10

In an obvious effort to push Prime Minister Narendra Modi’s ‘Make In India’ initiative, Union Defence Minister Rajnath Singh will launch ‘Atma Nirbhar Bharat Saptah` on Monday (August 10). The occasion will happen at 3.30 pm on Monday, tweeted the Office of the Defence Minister of India.

On Sunday (August 9), Singh had introduced that the Defence Ministry will impose import embargo on 101 defence objects past given timeline to spice up indigenisation of defence manufacturing. Singh had asserted that the transfer is an enormous step in making India self-reliant (Atma Nirbhar) in defence sector.

In a collection of tweets, Singh had mentioned that the capital procurement price range for 2020-21 has additionally been bifurcated by the Defence Ministry between home and international capital procurement routes. He added {that a} separate price range head has been created with an outlay of almost Rs 52,000 crore for home capital procurement in 2020.21. 

“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,” Singh had tweeted.

“Prime Minister Narendra Modi has given a clarion call for a self-reliant India based on the five pillars, i.e., Economy, Infrastructure, System, Demography and Demand and announced a special economic package for Self-Reliant India named `Atmanirbhar Bharat`,” he had mentioned in one other tweet.

“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,” he had tweeted.

“Almost 260 schemes of such items were contracted by the Tri-Services at an approximate cost of Rs 3.5 lakh crore between April 2015 and August 2020. It is estimated that contracts worth almost Rs 4 lakh crore will be placed upon the domestic industry within the next 6 to 7 years,” he had mentioned.

“Of these, items worth almost Rs 1,30,000 crore each are anticipated for the Army and the Air Force while items worth almost Rs 1,40,000 crore are anticipated by the Navy over the same period. #AtmanirbharBharat,” the Minister had tweeted.

India is second greatest arms importer and it’s at 23rd rank on arms exporters checklist. In February 2020, PM Modi had set USD 5 billion protection export goal in subsequent 5 years and India is eyeing Rs 1.75 lakh crore turnover in protection manufacturing by 2025.

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