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ICICI Direct Report
The Ministry of Defence announced an import embargo list of 101 defence items to be progressively implemented between 2020 and 2024 to boost indigenisation of defence production providing a big push to ‘Atmanirbhar Bharat’ and ‘Make in India’ initiatives.
This was one of the major steps proposed in Draft Defence Production and Export Promotion policy 2020. The decision offers a great opportunity to the Indian defence industry to manufacture the items in the negative list by using their own design and development capabilities or adopting technologies designed and developed by Defence Research and Development Organisation to meet the requirements of armed forces in coming years.
The list of 101 embargoed items comprises not just simple parts but also some high technology weapon systems like artillery guns, assault rifles, corvettes, sonar systems, transport aircrafts, light combat helicopters, radars and many other items to fulfil the needs of our Defence Services.
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