Thursday, 09 May 2024

 

 

LATEST NEWS Bhagwant Mann campaigned for Dr. Balbir Singh in Patiala Mann campaigned for Meet Hayer in Malerkotla AAP gives a jolt to Akali Dal in Amritsar Bolaria said South Constituency is ready for hat-trick Believe in politics of issues Sukhpal Singh Khaira And Dr. Dharamvir Gandhi File Nomination For Patiala And Sangrur LPU Hosts Mega Reunion: Thousands of LPU Alumni Relive Cherished Campus Memories CEO Maneesh Garg Releases Cycling T-Shirt containing message for voters Parth Jindal Net Worth [May 2024]: Know The Income of Delhi Capital Co-owner & Scion of JSW Group Gurjeet Singh Aujla took time out from the elections to meet the wrestlers Aam Aadmi Party got a big boost in Doaba, well-known Dalit leader and BSP candidate from Hoshiarpur Rakesh Soman joined the AAP Karan Kundrra has an amazing car collection. Let us know about Karan's car collection Armaan Malik reveals American singer Lauv’s role in his ‘Lauv Story’ with fiancée Aashna Shroff Mona Patel Net Worth 2024 | Unveiling the Net Worth of a Fashion Icon Is Aadhar Housing Finance IPO Worth Your Investment? Let’s Explore ME students from CGC Landran devise innovative Electric Wheelbarrow Clove Dental, India’s Largest Dental Chain opens 12 new Clinics in a single day to reach a milestone number of 500 Clinics in the Country President Droupadi Murmu given warm send off Synchrony Announces Rachana Bahadur as Senior Vice President, Country Head – India Cherished Moments: A Mother's Day Getaway at Fairmont Jaipur Mohnish Pabrai Net Worth (May 2024): Know The Wealth Of Indian-American Businessman We are working on the concept of 'Ek desh - Shresth desh'- Vij

 

Can reverse defence import-indigenous ratio in 5 years: Manohar Parrikar

Manohar Parrikar
Manohar Parrikar
Listen to this article

Web Admin

Web Admin

5 Dariya News

New Delhi , 25 Nov 2015

The import-indigenous ratio of military hardware can be turned around to 70 percent homegrown against the current 70 percent imports through incremental steps over the next five years, Defence Minister Manohar Parrikar has said.“Annually, you reduce the foreign component by 10 percent so that in four to five years, you reverse the ratio - from 70 percent import you go to 70 percent indigenous content” Parrikar told noted security expert Nitin Gokhale, who has just launched BharatShakti.in website, in an interview.“It is not easy to change mindsets. But the armed forces have been given clear indication that they have to give priority to Make in India and indigenisation and dependence on foreign source should be reduced. Of course, if there are some technology issues, we can still go ahead and get that but the trend is that by next year the ratio of 70:30 (imported to indigenous content) should change by at least 10 percent," Parrikar said.In this context, he noted that in a major boost to Make in India, almost 70 percent of defence contracts worth Rs.90,000 crore ($13.5 billion) signed in the past one year, fall in the Buy Indian or Buy and Make in India category.

“Amongst the major issues that he has addressed are issues that have the MSME sector vexed with the government stating its intention of selecting strategic partners in various major sectors of defence production. His remarks will ease a lot of ruffled feathers,” Gokhale said in a statement.Amongst other issues are a new promotion policy for the top military leadership, how far is it from the Rafale deal being inked, DRDO, the road map for HAL’s Light Combat Aircraft, the fifth generation fighter aircraft project with Russian, submarines and the army’s continuing officer shortage. He also shared his views on OROP and the scheduled DEFEXPO at Goa.“The interview is an informative and a comprehensive account of the RM’s thrusts so far and prognosis of what India will do with its US$ 100 billion wallet for military modernisation in the next few years,” Gokhale said.

 

Tags: Manohar Parrikar

 

 

related news

 

 

 

Photo Gallery

 

 

Video Gallery

 

 

5 Dariya News RNI Code: PUNMUL/2011/49000
© 2011-2024 | 5 Dariya News | All Rights Reserved
Powered by: CDS PVT LTD