Defence stocks in the green as India bans import of 780 items in self-reliance push

The other two similar lists were published in December 2021 and March 2022.

Indigenisation of these items would be taken up through different routes under the 'Make' category, the ministry said in a statement on Sunday. The 'Make' category aims to achieve self-reliance by involving greater participation of the Indian industry in defence manufacturing.

"Projects involving design and development of equipment, systems, major platforms or upgrades thereof by the industry can be taken up under this category," the ministry said. It said the indigenous development of these items would bolster the economy and reduce the import dependence of DPSUs.

"In addition, it will help to harness the design capabilities of the domestic defence industry and position India as a design leader in these technologies," the ministry said. It said the DPSUs would soon float expressions of interest (EoIs) and requests for proposals (RFPs).

The government has taken several measures to promote domestic defence production in the last few years.

India, facing tough challenges from neighbours on its northern and western frontiers, is one of the largest importers of arms globally. According to estimates, the Indian armed forces are projected to spend around $130 billion (one billion is equal to Rs 100 crore) in capital procurement over the next five years.

The defence ministry has set a goal of a turnover of $25 billion (Rs 1.75 lakh crore) in defence manufacturing in the next five years, including an export target of $5 billion worth of military hardware.

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