1 Month agoWith a heavy focus on indigenous manufacturing, the Indian defence industry is unveiling several new products like the HAL Tejas Light Combat Aircraft – an imperative move towards self-reliance.
India has the third largest military in the world and is the sixth biggest defence spender. India is also one of the largest importers of conventional defence equipment and spends around 30% of its total defense budget on capital acquisitions. 60% of defence related requirements are currently met through imports. The ‘Make in India’ initiative by the Government is focusing its efforts on increasing indigenous defence manufacturing and becoming self-reliant. The opening up of the defence sector for private sector participation is helping foreign original equipment manufacturers (OEMs) enter into strategic partnerships with Indian companies and leverage opportunities in the domestic market as well as global markets.
India’s focus on indigenous manufacturing in the defence space is paying off as the Ministry of Defence over the last two years unveiled several products manufactured in India like the HAL Tejas Light Combat Aircraft, the composites Sonar dome, a Portable Telemedicine System (PDF) for Armed Forces, Penetration-cum-Blast (PCB) and Thermobaric (TB) ammunition specifically designed for Arjun tanks, a heavyweight torpedo called Varunastra manufactured with 95% locally sourced parts and medium range surface to air missiles (MSRAM).
The Defence Acquisition Council (DAC) under Ministry of Defence, cleared defence deals worth more than INR 82,000 crore under ‘Buy and Department of Industrial Policy and Promotion Make (Indian)’ and ‘Buy Indian’ category . The deals include the procurement of Light Combat Aircraft (LCA), T-90 Tanks, Mini-Unmanned Aerial Vehicles (UAV) & light combat helicopters.