₹70,221 crore reserved in defence budget for domestic procurement: Rajnath Singh
The Hindu
About ₹70,000 crore of the capital allocation of ₹1.35 lakh crore in the defence budget will be reserved for domestic procurements, Defence Minister Rajnath Singh said on Monday while stating the Ministry will soon issue a second negative list of items which can only be procured locally by the Services.
“My Ministry has planned to invest, about 63% of the outlay for 2021-22 on domestic procurement, i.e. about ₹70,221 crore for domestic defence procurement during for 2021-22,” Mr. Singh said speaking at a webinar organised by Depart of Defence Production and Society of Indian Defence Manufacturers.
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