“The embargo on imports is planned to be progressively implemented between 2020 to 2024. Our aim is to apprise the Indian defence industry about the anticipated requirements of the Armed Forces so that they are better prepared to realise the goal of indigenisation,” tweeted Singh.
The list of 101 embargoed items comprises of not just simple parts but also some high tech weapon systems like artillery guns, assault rifles, corvettes, sonar systems, transport aircraft, LCHs, radars and many other items to fulfil needs of our Defence Services, said Defence Minister Singh.
India is second biggest arms importer and it is at 23rd rank on arms exporters list. In February 2020, PM Modi had set USD 5 billion defense export target in next 5 years and India is eyeing Rs 1.75 lakh crore turnover in defense manufacturing by 2025.