What measures are being taken for defense procurement?
Government clears indigenous defence procurement worth ₹1.05 lakh crore.
- The government has approved indigenous defence procurement projects worth ₹1.05 lakh crore to boost self-reliance under the 'Aatmanirbhar Bharat' initiative.
- These projects include advanced fighter aircraft engines, next-generation warships, and state-of-the-art weapon systems for the armed forces.
- Major contracts will be awarded to Indian companies, promoting domestic manufacturing and reducing dependency on imports.
- Indigenous content requirements are being increased to ensure most components and technologies are sourced locally.
- Focus is given to involving MSMEs and startups in the defence supply chain to foster innovation and job creation.
- The Defence Acquisition Council (DAC) is streamlining the procurement process for faster approval and implementation.
- These measures aim to strengthen national security, promote technological advancement, and support the Indian defence industry.
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14 hours ago