The Defence budget 2022 has been earmarked for domestic industry to promote ‘Aatmanirbharta’ (self-reliance) and reduce dependence on imports of defence equipment. This has been increased from 58% in the last financial year. This effectively creates a separate budget of Rs 21,000 crore for domestic capital procurement this fiscal year. It is in line with the ‘Vocal for Local’ drive, and coupled with a halt to the import of 101 defence items, it will be a big boost to the domestic defence industry. This will also drive growth and create jobs, which is in concert with the thrust of the budget.
Next, defence research and development (R&D) will be opened up for industry, startups and academia. This is a very heartening initiative. The model followed will be that of a private sector-DRDO-corporate special purpose vehicle (SPV).
Opening up 25% of R&D to private industry and startups is somewhat like the DARPA model of the US.
Hopefully this translates to more private entities producing quality weapons for both the military as well as civilian use.Please read the related article in the link below.
https://www.thequint.com/amp/story/voic ... #read-more
Defence Budget 2022 focuses on ‘Atmanirbharta’ opening R&D for private weapons manufacturing
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