The Ministry of Defence has announced a list of over 100 items that would be banned for import beyond the time indicated against them. The government has prepared a list 101 items on which there would be an embargo on import to give a push to Prime Minister Narendra Modi’s Atmanirbhar Bharat Abhiyan” (Self Reliant India Movement). It is estimated that contracts worth almost Rs 4 Lakh crore will be placed upon the domestic industry within the next six to seven years.
About the list:
- The list includes high technology weapon systems like artillery guns, assault rifles, corvettes, sonar systems, transport aircraft, light combat helicopters, radars, and many other items.
- The list also includes wheeled Armoured fighting vehicles with an embargo date of December 2021, of which the Army is expected to contract almost 200 at an approximate cost of over Rs 5,000 crore.
- The navy is likely to place demands for submarines with an indicative import embargo date of December 2021, of which it expects to contract about the approximate cost of almost Rs 42,000 crore.
- For the Air force, it is decided to enlist the LCA MK 1A with an indicative embargo date of December 2020, of this 123 LCA (Light Combat Aircraft) are anticipated at an approximate cost of over Rs 85,000 crore. The ministry will identify more such equipment for the import embargo.
Important takeaways for all competitive exams:
- Minister of Defence: Raj Nath Singh.