India to ban import of lk defence items
Mint Mumbai|May 15, 2023
This is the fourth positive indigenisation list of strategically important components used by defence public sector undertakings (DPSUs) that have been placed under an import ban over the past two years.
Rahul Singh
India to ban import of lk defence items

India has announced a fresh list of about 1,000 military items, including replacement units, subsystems and spares, which will come under a phased import ban between December 2023 and December 2029, officials aware of the matter said on Sunday.

The move marks the latest push for self-reliance in manufacturing for items used in fighter planes, trainer aircraft, warships and different types of ammunition.

This is the fourth positive indigenisation list of strategically important components used by defence public sector undertakings (DPSUs) that have been placed under an import ban over the past two years. Three similar lists were published by the defence ministry in December 2021, March 2022 and August 2022.

The new list consists of 928 items, with an import substitution value of 715 crore, the ministry said in a statement.

“To promote ‘Atmanirbharta’ in defence and minimise imports by the DPSUs, the defence ministry has approved the 4th positive indigenisation lists of 928 strategically important LRUs/sub-systems/spares and components, including high-end materials and spares, with an import substitution value worth 715 crore," the statement said.

These items will only be procured from local industry after the prescribed timelines, the officials said. The latest list seeks to promote domestic production of several parts of Sukhoi-30 and Jaguar fighter jets, Hindustan Turbo Trainer-40 (HTT-40) planes, magazine firefighting systems on board warships, and gas turbine generators.

Diese Geschichte stammt aus der May 15, 2023-Ausgabe von Mint Mumbai.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der May 15, 2023-Ausgabe von Mint Mumbai.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS MINT MUMBAIAlle anzeigen
Mint Mumbai

Quick Edit: The market's green role

The world needs to bend its rising curve of carbon emissions, a goal that's proving elusive. Adding to the challenge, US climate policy is likely to flip back into neglect mode next year.

time-read
1 min  |
November 18, 2024
Growth shouldn't suffer for want of a market fix
Mint Mumbai

Growth shouldn't suffer for want of a market fix

Packaged food companies should drive a food-processing revolution and run a campaign for substitution of fresh-veggie demand. It'll crush price volatility and open up space for rate cuts

time-read
2 Minuten  |
November 18, 2024
Mint Mumbai

We should reform import tariffs to boost Make in India!

Tariff reforms to resolve duty inversions can arrest the 'cost competitiveness leak' of Indian manufacturing

time-read
3 Minuten  |
November 18, 2024
Trying to quantify everything may worsen human decisions
Mint Mumbai

Trying to quantify everything may worsen human decisions

'Quantification fixation' is real—and we should learn to resist it

time-read
3 Minuten  |
November 18, 2024
Hope has sprung anew amid the thick haze hovering over COP-29
Mint Mumbai

Hope has sprung anew amid the thick haze hovering over COP-29

The climate summit has seen rules being ratified for a carbon market, progress on finance and high corporate participation

time-read
3 Minuten  |
November 18, 2024
Trump's return is set to send the world scouting for fresh options
Mint Mumbai

Trump's return is set to send the world scouting for fresh options

His confrontational stand on issues will ruffle feathers and make nations review their alignments

time-read
3 Minuten  |
November 18, 2024
Mint Mumbai

Why national pride has not helped clean up Delhi's air

A sense of shame was expected to get it done. That hasn't worked. Do we lack the will and talent?

time-read
4 Minuten  |
November 18, 2024
Mint Mumbai

SEBI CAN DO MORE TO DISSUADE RETAIL F&O SPECULATION

A recent Securities and Exchange Board of India (Sebi) report highlighted the significant losses individual traders have incurred in the equity futures and options (F&O) segment between FY22 and FY24.

time-read
3 Minuten  |
November 18, 2024
Mint Mumbai

Is filing ITR in old regime still valid?

I am with the Indian Army. Until last year, we received Form 16 under the old tax regime, including allowances such as HRA, travel and uniform.

time-read
1 min  |
November 18, 2024
Avoid common mistakes in NRO, NRE accounts: A guide for NRIs
Mint Mumbai

Avoid common mistakes in NRO, NRE accounts: A guide for NRIs

Tips on using NRE and NRO accounts to effectively manage funds, repatriate money and remain tax-compliant

time-read
5 Minuten  |
November 18, 2024