India's Defence Capabilities Boosted: NITI Aayog Member
May 15, 2024 11:03
NITI Aayog member VK Saraswat says India's defence capabilities have significantly improved in the last decade, with a focus on indigenous production and reduced reliance on imports.

New Delhi, May 15 (PTI) India's defence capabilities have gone up substantially during the past decade of the Modi government and now the country is dependent on arms import only for immediate requirements of the armed forces, NITI Aayog member VK Saraswat said on Wednesday.
Saraswat, a former Defence Research & Development Organisation (DRDO) chief further said at present 60 per cent of India's total arms and ammunition are indigenous.
"Indian defence capabilities in the last 10 years have gone up substantially," he told PTI.
Prime Minister Modi-led government came to power in 2014 and came back with a thumping majority in 2019.
"India's complete ecosystem of defence is largely now indigenous. We are dependent on imports only for immediate requirements of the armed forces or something which we do not have technology for," Saraswat added.
He said that now big corporate houses like the Adani Group, Tata Group, and L&T are manufacturing indigenous radar systems and guns.
Commenting on Swedish think tank SIPRI's recent report, Saraswat said, "While our arms requirement is going up, the ratio of imports to our overall defence requirement is decreasing, despite a rise in the total value of imports."
Swedish think tank SIPRI on March 11 had said India remains the world's top arms importer and its imports increased by 4.7 per cent between 2014-2018 and 2019-2023.
Asked if India faces a high risk of power cuts this summer, as there are heatwaves in parts of the country, the NITI Aayog member said that the country's installed capacity is sufficient for meeting the power requirements.
Saraswat said India's installed capacity is around 452 gigawatts and it is sufficient for meeting the power requirements of the country. "I do not expect major power cuts this summer because of the capacity problem," he said. PTI BKS
Home »
Market News » India's Defence Capabilities Boosted: NITI Aayog Member
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
MORE NEWS
TCS Appoints Sudeep Kunnumal as Chief HR Officer
TCS announced Sudeep Kunnumal as the new Chief Human Resources Officer, succeeding...
ICAI to Review IndusInd Bank Financials Amid...
The ICAI may review IndusInd Bank's financial statements after discrepancies in...
India Assures Exporters Protection Amid US...
India's commerce ministry has assured exporters of protection against US tariff...
HDFC Mutual Fund Increases IndusInd Bank Stake...
HDFC Mutual Fund has increased its stake in IndusInd Bank to over 5%, buying 15.92 lakh...
TN Budget 2025-26: Thangam Thennarasu to...
Tamil Nadu Finance Minister Thangam Thennarasu will present the fifth Budget of the DMK...
Starlink India Tie-Ups: Satcom Complementing...
Citi report analyzes Starlink's tie-ups with Jio and Bharti, suggesting satcom services...
SpiceJet Promoter Sells 1% Stake for Rs 52 Crore
Ajay Singh, SpiceJet's MD, has sold nearly 1% stake in the budget airline for Rs 52...
LG Electronics India IPO Approved by Sebi - Rs...
LG Electronics India gets Sebi's nod to float a Rs 15,000 crore IPO, marking the second...
Patanjali, DS Group Acquire Magma General...
Patanjali Ayurved and DS Group will acquire Magma General Insurance from Sanoti...
Canara Bank to Raise Rs 4,000 cr via Tier II Bonds
Canara Bank proposes to raise up to Rs 4,000 crore through Basel III compliant Tier II...
Read More »