68% Of The Defence Budget Earmarked For Buying Indigenous Equipment: PM
- The nation is becoming a major arms nation thanks to the innovations of its three defence wings and domestic businesses.
- The glory of India, according to him, is the INS Vikrant aircraft carrier, the Lightweight Helicopter "Prachand," as well as tanks and indigenous combat weapons.
On Wednesday, Prime Minister Narendra Modi gave the upcoming generation of defence equipment entrepreneurs the assurance that “Made in India” products would be given preference in the acquisition of military hardware.
68 percent of the defence budget has been set aside for domestic items, he continued.
In addition to officially laying the cornerstone for the DEESA Airfield, the Prime Minister also launched the HTT-40, Indian Defence Mart, defence Space Msn, Indian Military Airworthiness Procedures (IMAP), and Indian Defence.
According to him, the nation used to be a net importer of defence technology, but over the past eight years, as demand for Indian-made defence products has increased globally, exports have increased eight-fold. It has reached $1.59 billion, and the nation hopes to reach $5 billion in the following five years.
The success of the Brahmos missile, according to Prime Minister Modi, has led numerous nations to express interest in purchasing it. It is ranked among the best technological missile categories.
The nation is becoming a major arms nation thanks to the innovations of its three defence wings and domestic businesses. The glory of India, according to him, is the INS Vikrant aircraft carrier, the Lightweight Helicopter “Prachand,” as well as tanks and indigenous combat weapons.
“As 60 developing nations share real-time access with our satellites in the future years, space diplomacy will propel India to new heights. In the Indian Ocean region, where 46 friendly countries are cooperating on it, India has taken the lead on marine security, which is a worldwide priority “added he.
450 Memoranda of Understandings and contracts will be signed throughout the course of these four days at DefExpo-2022.
The Prime Minister stated, “Earlier pigeons were released, now Cheetah is now unleashed, this is the difference of the government,” without specifically mentioning the Congress.
He noted that formerly, “Our money was mostly used to import defence equipment, but that is no longer the case. Only a few products will now be imported, and all three defence wings have created a list of 411 items that will be obtained from domestic producers “Added he.