Defense Minister Rajnath Singh announced that the Ministry of Defence has set a target of Rs 1.75 lakh crores in defence production by 2025, which includes Rs 35,000 crores in exports. He exuded assurance that the Defense PSUs, with a contribution of between 70 and 80 percent, will play a significant part in reaching this aim. The minister urged the Non-Official Directors (NODs) of DPSUs to see that the government’s measures for achieving “Aatmanirbharta in Defense” were carried out smoothly.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
Key Points:
The MoD have taken various steps to achieve self-reliance, including the Defense Acquisition Procedure 2020’s simplification of the acquisition process for defence platforms and equipment, flexibility in offset guidelines, an increase in the FDI limit to 74% under the Automatic Route and up to 100% under the Government Route, simplification of the licence application process, the launch of the Innovations for Defence Excellence (iDEX) initiative, and enhanced cybersecurity.
Silk, often hailed as the queen of textiles, holds a significant place in India's cultural…
World Tuna Day, observed annually on May 2nd, is dedicated to raising awareness about the…
The Ministry of Corporate Affairs (MCA) has granted its approval for the appointment of Hitesh…
India, renowned for its rich tapestry of natural landscapes and cultural heritage, is home to…
Paul Auster, the renowned American novelist and filmmaker, has passed away at the age of…
Renowned playback singer Uma Ramanan, who predominantly sang in Tamil, passed away at the age…