Page 2 - Defence Indigenisation Plan

Defence Ministry to start portal to raise indigenisation from 45% to 75%

The Ministry of Defence is planning to launch an indegenisation portal to attract more local manufacturers towards defence component manufacturing, in an effort to make more components in India, said Ajay Kumar,, secretary, Department of Defence Production from the ministry. The expectation is the increase the indegenisation from the current 45 per cent to around 70-75 per cent eventually, he added Indegenisation is a huge opportunity for the industry. We are currently procuring Rs 800-900 billion capital equipment every year. About Rs 250-300 billion of revenue equipment every year. Out of the total, around Rs 600 billion worth of spares, parts, components and sub assemblies are getting imported every year.Even if there is aim to do 50-75 per cent of this here in India, it la Rs 300-400 billion opportunity is there.One of the challenges in terms of indegenisation is the huge diversity. Today the number of items which need to be indegenised is over 1,10,000 unique items. It is ...