TIWN
![To boost self-reliance, Centre approves indigenisation of 928 defence items To boost self-reliance, Centre approves indigenisation of 928 defence items](http://www.tripurainfoway.com/viewimage.php?src=http://www.tripurainfoway.com/news_pic/2023/1-1684070281.png&w=567)
New Delhi, May 14 : The defence ministry has approved a fresh list of 928 components and subsystems which will only be procured from domestic industry after a ban on their import kicks in under a staggered timeline of around five-and-a-half years.
The ministry on Sunday said the aim of the move is in sync with the government's overall aim to promote 'Aatmanirbharta' (self-reliance) in defence production.
It is the fourth such "positive indigenisation list (PIL)" comprising line replacement units, sub-systems and components used for various military platforms, equipment and weapons.
"To promote 'Aatmanirbharta' in defence and minimise imports by defence public sector undertakings, the Ministry of Defence has approved fourth Positive Indigenisation List (PIL) of 928 strategically-important line replacement units/sub-systems/spares and components, including high-end materials and spares, with import substitution value worth Rs 715 crore," the ministry said in a statement.
The aim of the indigenisation list is to minimise imports by the defence public sector undertakings (DPSUs).
The defence ministry has set specific timelines for import ban of the items, spanning the period from December 2023 to December 2028.
- India's business activity surges to 3-month high in July
- Rs 6.67 lakh crore investment needed by 2031-32 to expand thermal power capacity
- Adani Energy Solutions posts 73 pc net profit growth in Q1, revenue surges 43 pc
- Centre's fiscal consolidation plan will boost India's credit profile: Global agencies
- Experts clarify new capital gains tax regime for realty sector