Updated By: LatestGKGS Desk
Make In India: Salient features of India First in Defence Sector
Narendra Modi's New India proudly moving towards self reliance in Defense sector with Make In India
Prime Minister Narendra Modi's Make In India policy helping Defense Sector to gain self reliance under Make in India initiative.
Top features of Make In India for Defense sector includes 49% Foreign Direct Investment to increasing manufacturing and license period from 3 years to 15 years.
Top 6 salient features of India First in Defense Sector under Prime Minister Narendra Modi's Make In India Initiative
1. In Last two years, more than 60% of capital procurement done with India companies.
2. Total 1.05 Lakh crores purchase from India vendor in last 3 years.
3. 96 Capital Procurement done with domastic involvementworth Rs. 2.46 Lakh Crore.
4. 116 Industrial licenses issued for manufacture of defense equipment under Make In India.
5. Reduced entry barrier for manufacturing licences from 3 yers to 15 years.
6. 49% FDI allowed through automatic routes.
