InvestorQ : Can you throw some more details on what is the announcement that Rajnath Singh made on banning defence imports?
Arusha Ray made post

Can you throw some more details on what is the announcement that Rajnath Singh made on banning defence imports?

Answer
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diksha shah answered.
1 month ago


In a late week announcement, the defence minister, Rajnath Singh, announced a list of 101 defence items in which imports will be banned. This is one more step on the lines of the Atma Nirbhar approach that India has already taken on the economic front. Now, the Indian defence establishment will be required to buy these equipments from Indian suppliers only.

This is the kind of opportunity that Indian defence research labs have been waiting for a long time. This is an opportunity for the defence research laboratories like DRDO and DRDL to design in-house and manufacture these items in the negative import list. It could lead to farming out of defence orders to Indian companies worth billions of dollars.

This embargo on 101 items of defence imports will not be immediate but will be gradually implemented in a phased manner between 2020 and 2024. Some of these items include, towed artillery guns, rocket launchers, bulletproof jackets, helmets, warships, most items of ammunition, transport equipment to move defence items etc.