India has been focussing on 'aatmanirbharta' in its defence sector, says PM Modi

PM Modi said that even during British rule and right after independence, India’s defence manufacturing strength was very high. 

  • He noted that the commitment towards self-reliance can be seen in the recently introduced Union Budget.
  • Finance Minister Nirmala Sitharaman had said that the government is committed to promoting self-reliance in the defence sector.
  • She said that the local industry would receive 68 per cent of the capital allocated to the defence sector.

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India has been focussing on 'aatmanirbharta' in its defence sector, says PM Modi

New Delhi: Prime Minister Narendra Modi, on Friday (February 25), said that India has been focussing on 'aatmanirbharta' in its defence sector adding that the commitment towards self-reliance can be seen in the recently introduced Union Budget. 

While delivering the inaugural address at the post-budget webinar ‘Aatmanirbharta in Defence-Call to Action', Modi said even during British rule and right after independence, India’s defence manufacturing strength was very high. 

“In WWII, arms manufactured in India played a major role. However, in the following years, this strength weakened. But this shows that India never had a dearth of capabilities,” he added. 

 

During the Union Budget 2022 presentation, Finance Minister Nirmala Sitharaman had said that the government is committed to reducing imports and promoting self-reliance in the defence sector. 

She said that the local industry would receive 68 per cent of the capital allocated to the defence sector, adding that 5% of the Universal Service Obligation (USO) Fund would be allocated to research and development and technology upgrades. Also Read: Sensex, Nifty rebound 2% tracking recovery in Asian markets

"Contracts for laying optical fibre net to all villages under BharatNet will be provided on a PPP basis," she added. Also Read: T+1 settlement cycle kicks in from today on NSE, BSE: Here’s how investors will benefit

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