ADD ANI AS A TRUSTED SOURCE
googleads
Menu
General News

Defence Ministry earmarks 25 pc of domestic capital procurement budget for private industry

New Delhi [India], April 9 (ANI): The Defence Ministry has decided that 25 per cent of the domestic capital procurement and acquisition budget amounting to Rs 21,149.47 crore, will be earmarked for domestic private industry in 2022-23.

ANI Apr 09, 2022 00:18 IST googleads

Representative Image

New Delhi [India], April 9 (ANI): The Defence Ministry has decided that 25 per cent of the domestic capital procurement and acquisition budget amounting to Rs 21,149.47 crore, will be earmarked for domestic private industry in 2022-23.
This is in continuation of the government's efforts to promote private industry, MSMEs and start-ups in the defence production ecosystem.
A Defence Ministry release said that it has also been decided that an amount of Rs 1,500 crore will be earmarked for procurement from start-ups, including iDEX start-up, from within the allocations for domestic capital procurement.
The move is aimed at fostering innovation and encouraging technology development in defence.
The release said that the Ministry of Defence had decided to earmark 68 per cent of the capital procurement budget for the domestic industry during 2022-23.
Accordingly, an amount of Rs. 84,597.89 crore was allocated for the domestic defence industry in the current financial year. (ANI)

Get the App

What to Read Next

Politics

"No shortage of petrol, diesel or LPG": Hardeep Singh Puri

In his statement in the Lok Sabha, Puri said the government has taken multiple measures to safeguard the country's energy security and ensure the uninterrupted availability of petroleum products, cooking gas, and natural gas.

Read More
General News

Minor children's custody with mother not illegal: Delhi HC

Minor children's custody with mother not illegal: Delhi HC

he Delhi High court while disposing a Habeas Corpus petition held that Minor childrens' custody with mother, who is a natural guardian, can not be termed as illegal. A British Citizen of Pakistan origin Yasir Ayaz had moved a petition of Habeas Corpus for production of his children and their repatriation to the United Kingdom as per the order of UK Family court.

Read More
General News

Dehradun DM holds meeting to review availability of LPG

Dehradun DM holds meeting to review availability of LPG

The District Magistrate instructed that, in accordance with the guidelines of the Government of India, first priority in LPG distribution should be given to domestic consumers so that the general public does not face any inconvenience. He also directed that home delivery of domestic LPG cylinders should be ensured through an OTP-based system

Read More
Politics

Gujarat CM Bhupendra Patel distributes 40 EV cars to ITIs

Gujarat CM Bhupendra Patel distributes 40 EV cars to ITIs

Gujarat chief minister Bhupendra Patel on Thursday distributed 40 electric cars to Industrial Training Institutes (ITIs) across the state in Gandhinagar to facilitate practical training in electric vehicle technology for trainees in the Motor Mechanic trade. During the event, the Chief Minister also inaugurated 50 Dhanvantari Arogya Rath and six Mobile Medical Vans to provide doorstep primary healthcare services to construction workers and labourers.

Read More
General News

PM Modi unveils India's energy strategy amid West Asia conflict

PM Modi unveils India's energy strategy amid West Asia conflict

Prime Minister Narendra Modi on Thursday outlined a dual approach to energy security: boosting domestic infrastructure for wider access and promoting self-sufficiency to cut reliance on imports.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.