This development may indicate a significant shift in India's defence procurement strategy, with a focus on indigenous manufacturing. The move could strengthen India's defence industry and reduce reliance on foreign suppliers, which suggests a potential boost to the country's economic growth and self-reliance.
Major Boost To Indian Defence Manufacturing Sector
The Defence Acquisition Council (DAC) has cleared defence acquisition proposals worth ₹1.10 lakh crore, with around 98% of the approved procurements to be sourced from Indian industry. The proposals cover the Army, Navy, and Air Force, and are expected to provide a major boost to the Indian defence manufacturing sector. This development was reported by ETManufacturing.
This development may indicate a significant shift in India's defence procurement strategy, with a focus on indigenous manufacturing. The move could strengthen India's defence industry and reduce reliance on foreign suppliers, which suggests a potential boost to the country's economic growth and self-reliance.
Major Boost To Indian Defence Manufacturing Sector
The Defence Acquisition Council (DAC) has cleared defence acquisition proposals worth ₹1.10 lakh crore, with around 98% of the approved procurements to be sourced from Indian industry. The proposals cover the Army, Navy, and Air Force, and are expected to provide a major boost to the Indian defence manufacturing sector. This development was reported by ETManufacturing.