The Ministry of Defence is planning to launch an indigenisation portal to attract more local manufacturers towards defence component manufacturing, in an effort to make more components in India, said Ajay Kumar, secretary, Department of Defence Production, Ministry of Defence.
The ministry hopes to increase indigenisation from the current 45 per cent to around 70-75 per cent eventually, he added “Indigenisation is a huge opportunity for the industry. We are currently procuring Rs 800-900 billion worth of capital equipment every year and about Rs 250-300 billion of revenue equipment every year.
Out of the total, around Rs 600 billion worth of spares, parts, components and sub assemblies are getting imported every year,” Kumar said.
Even if the aim is to manufacture 50-75 per cent of this in India, it is Rs 300-400 billion opportunity. Read More