Defence ministry notifies fifth indigenisation list of 346 items for DPSUs

Quick Summary:

A PIL is expected to provide assurance to the domestic defence industry, which has frequently burned its fingers by expending the money and effort on developing a defence product.

Of this, 2,972 items, having import substitution value worth Rs 3,400 crore, have already been indigenised.

In this incremental manner, four PILs comprising 4,666 items have so far been notified by the MoD for DPSUs.

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Category: BusinessFinance

Markets: India

Topics: Defence items Indigenised defence items Defence firms

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Article Type: News Report

Published On: 2024-07-16 @ 22:42:47 (4 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

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News ID: 21655531

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