This marks a significant milestone in the Navy's ongoing efforts to bolster domestic manufacturing capabilities and reduce reliance on foreign imports. Out of these approvals, 13 have already been converted into acquisition contracts worth Rs 1,194 crore.
The AoN approvals are part of the Navy's larger strategy to support the government's 'Aatma Nirbhar Bharat' (self-reliant India) initiative. This move is designed to ensure that the country develops its own defence production capabilities, while simultaneously creating employment and fostering economic growth within the Micro, Small and Medium Enterprises (MSME) sector.
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