Focus: GS-III Internal Security Challenges
Why in news?
The Defence Ministry will “introduce import embargo on 101 items beyond given timeline to boost indigenisation of defence production”.
Details
- The Ministry of Defence has prepared a list of 101 items for which there would be an embargo on the import beyond the timeline indicated against them.
- The government intends to reach a turnover of $25 billion through indigenously manufactured defence products and also expects to export products worth $5 billion.
- Government has also decided that in any government contract over ₹200 crore, no foreign company can participate in the tendering process, to help Indian Manufacturers.
- The embargo on imports is planned to be progressively implemented between 2020 to 2024.
- The aim is to apprise the Indian defence industry about the anticipated requirements of the Armed Forces so that they are better prepared to realise the goal of indigenisation.
![](https://sp-ao.shortpixel.ai/client/to_webp,q_glossy,ret_img/https://www.legacyias.com/wp-content/uploads/2020/08/import-embargo-on-101-items.jpg)
Click Here to read more about the Defence Production and Export Promotion Policy 2020 (DPEPP 2020)
-Source: The Hindu, Hindustan Times