What is the impact of Defence Ministry's allocation of ₹300 cr to promote 'Aatmanirbharta'

1. The allocation of ₹300 crore by the Defence Ministry to promote 'Aatmanirbharta' (self-reliance) in India signifies a commitment towards reducing dependency on imports and boosting domestic manufacturing capabilities. 2. This financial allocation aims to encourage indigenous production of defence equipment, therefore enhancing the self-sufficiency of the Indian defence industry. 3. By promoting 'Aatmanirbharta' in the defence sector, the government can strengthen national security by reducing vulnerabilities associated with reliance on foreign sources for critical defence supplies. 4. This initiative is expected to stimulate innovation and technology development within the Indian defence ecosystem, leading to advancements in cutting-edge defence technologies. 5. Overall, the allocation demonstrates a strategic approach towards enhancing India's self-reliance and resilience in the defence sector.