Import Embargo on Defence Items: Military-Industry Partnership Long Overdue, says Anand Mahindra

“Great move to earmark Rs 52K cr for domestic capital procurement. It fulfils a request by the FICCI Defence Committee to provide long-term visibility on defence procurement plans. Industry can now plan its capex & production capacity: @Prakashukla, Chair, FICCI Defence Committee,” FICCI had tweeted.

Retweeting FICCI’s tweet, Mahindra wrote, “The phrase ‘Military-Industrial Complex’ sounds ominous. But this partnership has been the source of enormous technology innovation in the US. Such a partnership has been long overdue in India... I hope the Defence Ministry will implement this plan vigorously.”

In a series of tweets, Singh said this decision was is in line with the Atmanirbhar Bharat initiative. The proposed list of items covered under the import embargo is worth almost ₹1,30,000 crore each, anticipated for the Army and the Air Force, while items worth almost ₹1,40,000 crore are anticipated by the Navy.