Connect with us

Featured

Under Make in India, Defence Manufacturers Bag 66% of Indian Military Contracts

Published

on

PM Narendra Modi’s “Make In India” drive continues to firmly stand behind local manufacturers in India. More than any other area, the Make In India initiative is bolstering the defence industry in India, thus performing at its best where it matters the most. In the last three years, the Indian defence ministry has rewarded two-thirds of defence contracts to local manufacturers.

As reported by Defence World, out of the 168 contracts signed by the defence ministry of India, 106 contracts have been signed between the defence ministry and Indian vendors for the procurement of military and defence equipment.

These contracts include deals made over helicopters, radars, artillery guns, ballistic missiles, helmets, bulletproof jackets, ammunition, simulators, electronic fuzes etc. This information was furnished by India’s Defence Minister of State, Dr Shubhash Bhambre.

Clearly, Narendra Modi’s Make In India initiative is doing wonders for the Indian Armed Forces as they can now procure cheaper military equipment in the absence of import duties. In the past 3 years, the local manufacturers have been largely benefitted by the upthrust given to the local industries by the Make In India initiative.

The Make In India initiative was launched by Narendra Modi, the Prime Minister of India on September 25, 2014. The Make In India initiative promotes indigenous designs, development and manufacturing of military equipment hence cutting down the costs significantly.

Under the Make In India initiative of PM Narendra Modi, India will soon get its first own nuclear missile tracking ship. This ship is a part of Modi’s ambitions to have an elaborate missile shield programme to confront any attacks. The ship is going through harbour trials at present and is expected to be commissioned by December 2018 hence giving Indian a great edge over its enemies.

More News at EurAsian Times

Advertisement
Advertisement

Facebook

FEATURED

CPEC-Project CPEC-Project
Featured2 hours ago

India vs Pakistan: Why Are India’s COVID-19 Cases Inflating While Pakistan Has Almost Overcome The Pandemic?

While India has literally been brought to its knees by the COVID-19 pandemic with almost 100,000 cases reported daily, the...

Sheikh-Mujibur-Rahman-Movie Sheikh-Mujibur-Rahman-Movie
Featured3 hours ago

India, Bangladesh, Agree To Enhance Border Patrol, Curb Border Killings

India and Bangladesh on Saturday agreed to launch joint border patrols to curb killings and crimes. in the border region....

INDIAN-ARMY INDIAN-ARMY
Featured5 hours ago

Has The Indian Army Captured ‘Pious’ Mount Kailash From China?

An image of the Indian Army soldiers near the sacred Mount Kailash is being shared on social media which is...

US-Drone-Strike US-Drone-Strike
Americas12 hours ago

US Looks To Replace Its Deadly MQ-9 Reaper Drones & Northrop Unveils A New ‘Breakthrough’ Concept

As the U.S. Air Force seeks a replacement for the MQ-9 Reaper drone, US defense giants Lockheed Martin, Northrop Grumman...

People's Liberation Army People's Liberation Army
Asia Pacific12 hours ago

Why China Again Wants To Seize ‘Despang Plains’ Just Like The 1962 India-China War?

The Chinese People’s Liberation Army (PLA) may be actually eyeing the Depsang plains while creating a diversion in Pangong Tso...

Moon-Space-Station Moon-Space-Station
Americas13 hours ago

WATCH: US Secretive Spaceplane That Was Dubbed To ‘Spy On China’s 1st Space Station’

A video of the US’ veiled spaceplane X-37B was posted by a twitter user showing the plane’s cargo bay doors...

Indian-Air-Force Indian-Air-Force
Asia Pacific13 hours ago

China Prepares For A Possible Invasion By Indian Air Force Jets Led By Su-30 MKIs & Rafales

Bracing itself for an aerial attack by the Indian Air Force (IAF) on its airbases, China has reportedly begun planning...

H6 BOMBERS-CHINA H6 BOMBERS-CHINA
Asia Pacific1 day ago

China Says PLA Drills Not Warning, But Rehearsal For Taiwan Takeover

Tensions between China and Taiwan have dangerously deteriorated as Beijing has vowed to merge the 'renegade province' at any cost....

Maldives Maldives
Asia Pacific1 day ago

Maldives Could Relinquish Control Of An Island As Chinese Loan & Pressure Mounts?

The Maldives government is now alarmed at the amount of debt it owes to China. With the coronavirus pandemic, the...

j20-vs-tejas j20-vs-tejas
Expert Reviews1 day ago

Chinese J-20s Outgun Rafale Jets In Simulation Drills But What Will Happen In A Real-Life Air Battle?

China has been trying to intimidate India with its fifth-generation, stealth, J-20 fighter jets with the indigenously produced warplanes shooting...

Advertisement