Defence Minister Rajnath Singh has announced restrictions on import of 101 weapons and military platforms including light combat helicopters, transport aircraft, conventional submarines and cruise missiles by 2024.
Making the announcement on Twitter, the defence minister estimated that the domestic defence industry would receive contracts worth almost Rs four lakh crore within the next five to seven years as a result of the decision to prune the import list.
Singh said the defence ministry is now ready for a “big push” to boost indigenous defence manufacturing in tune with Prime Minister Narendra Modi’s call for ‘Atmanirbhar Bharat’ (Self-Reliant India).
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.
— Rajnath Singh (@rajnathsingh) August 9, 2020
According to officials, the list of 101 items includes towed artillery guns, short range surface to air missiles, cruise missiles, offshore patrol vessels, electronic warfare systems, next generation missile vessels, floating dock, anti-submarine rocket launchers and short range maritime reconnaissance aircraft.
The list also includes basic trainer aircraft, lightweight rocket launchers, multi-barrel rocket launchers, missile destroyers, sonar systems for ships, rockets, ASTRA-MK I beyond visual range air-to-air missiles, light machine guns and artillery ammunition (155 mm) and ship-borne medium range guns.
Singh’s announcement came a week after a draft defence procurement policy of the defence ministry projected a turnover of Rs 1.75 lakh crore ($25 billion) in defence manufacturing by 2025.