Cities

Rs 70K cr kept for domestic defence purchase: Rajnath

New Delhi, February 22

Defence Minister Rajnath Singh as we speak mentioned it was deliberate to allocate about Rs 70,221 crore for procurement of defence gear that’s made in India.

This means greater than half of procurement could be performed from Indian corporations. The capital allocation for the fiscal 2021-22 is Rs 1,35,060 crore.

“This increase will have a positive impact on enhanced domestic procurement, having multiplier effect on our industries, including MSMEs and start-ups,” Rajnath instructed a webinar organised by the trade chambers. The theme was “Budget Announcements 2021-22: Galvanising Efforts for Aatmanirbhar Bharat”.

At the identical webinar, PM Narendra Modi delivered a keynote tackle saying, “It has been the endeavour of the government to move forward in the defence sector with transparency, predictability and ease of doing business.” — TNS

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button