National Affairs

আত্ম নির্ভর ভারত ?? DEFENCE SECTOR OPENS FOR PRIVATE PLAYERS. 74% FDI THROUGH AUTOMATIC ROUTE : PRIME MINISTER SAID ON THURSDAY

Prime Minister’s ‘vocal for local’ slogan for ATMANIRBHAR BHARAT, become a big joke to the critics, when on Thursday he himself said that ” A decision has been taken to permit upto 74% FDI in the defence manufacturing through automatic route “. He also said efforts being made to boost defence production, develop new technology and give big role to private players in defence sector. He was speaking at the Lockheed Martin – Society of Indian Defence Manufacturers suppliers conference. Beside this, in a notification Defence Ministry said the second draft of the Defence Procurement Procedure (DPP) 2020, now renamed as the Defence Acquisition Procedure (DAP) 2020, was put out in public domain on Tuesday for comments from stakeholders and public.

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