New Delhi: The Defence Ministry on Sunday prepared a list of 101 items for putting embargo on the import towards self-reliance in defence.
Union Defence Minister Rajnath Singh said that the list of 101 embargoed items comprises of not just simple parts but also some high technology weapon systems like artillery guns, assault rifles, corvettes, sonar systems, transport aircrafts, LCHs, radars and many other items to fulfill the needs of our Defence Services.
Singh tweeted that the embargo on imports is planned to be progressively implemented between 2020 to 2024.
Singh went on to add that this decision will offer a great opportunity to the Indian defence industry to manufacture the items in the negative list by using their own design and development capabilities or adopting the technologies designed and developed by DRDO to meet the requirements of the Armed Forces.
The Defence Minister said the list is prepared by MoD after several rounds of consultations with all stakeholders, including the Armed Forces, public and private industry to assess current and future capabilities of the Indian industry.
It is estimated that contracts worth almost Rs 4 lakh crore will be placed upon the domestic industry within the next 6 to 7 years.