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Share your ideas for Implementation of Budget Initiatives for the Defence Sector

Start Date :
Feb 22, 2021
Last Date :
Mar 31, 2021
23:45 PM IST (GMT +5.30 Hrs)
Submission Closed

Recently, the Hon’ble Prime Minister Shri Narendra Modi addressed the webinar on effective implementation of the Union Budget provisions in the defence sector. During his ...

Recently, the Hon’ble Prime Minister Shri Narendra Modi addressed the webinar on effective implementation of the Union Budget provisions in the defence sector. During his address, the Prime Minister said that the webinar was of great significance as it focused on the important issue of making the country’s defence sector self-reliant.

The Prime Minister said that the defence corridors that are being built in the country today would also help local entrepreneurs and local manufacturing. That is, today, self-sufficiency in our defence sector has to be seen as the empowerment of these two fronts – “Jawan as well as Youth”.

The key announcements in the Union Budget related to Defence Sector are as follows and we seek ideas and suggestions from the public and other stakeholders on the same:
• Budgeted expenditure for capital outlay in defence increased by approx. 19%, highest in 15 years
• Disinvestment aimed in the sector to increase opportunities for private players
• Reduction in customs duty rates to nil for import of parts by public sector units (under Ministry of Defence) for manufacturing of aircrafts and parts

Last date of submission is 31st March 2021

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Showing 1199 Submission(s)
Manthan Shah
Manthan Shah 5 years 1 month ago
Neutral Particle Beam Weapons Neutral particle beam weapon is a technology based on the propagation of neutron particles without an electric charge at a speed of light and direct them toward the target. Particle beams can be more effective than lasers because it can penetrate beyond the surface of the enemy’s missile, igniting its fuel supply, melting its mechanical components, and damaging its electronic system.
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Manthan Shah
Manthan Shah 5 years 1 month ago
Boost Phase Laser Based Missile Defense System Boost phase missile defense system is involved in the obliteration of a hostile missile during the earliest stages of its flight while it remains within the earth’s atmosphere. Slower and easier tracking of missiles is possible during the midcourse or terminal stage, thus making them vulnerable toward interception. Boost phase laser-based missile defense system are designed in such a way that they can eliminate missiles during this phase.
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Abhash kumar
Abhash kumar 5 years 1 month ago
Uniform custom duty: In order to establish a level-playing field between Indian private sector and the public sector, all Indian industries (public and private) are subjected to the same kind of excise and custom duty levies. The FDI policy: composite foreign investment upto 49% is allowed through Government route (FIPB) and beyond 49% with the approval of the Cabinet Committee on Security (CCS) on case-to-case basis. Restrictions such as single largest Indian shareholder to hold at least 51
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Abhash kumar
Abhash kumar 5 years 1 month ago
E-Biz Portal: process of applying for Industrial License (IL) and Industrial Entrepreneur Memorandum (IEM) has been made completely online on ebiz portal. Restriction of annual capacity in the industrial license for defence sector has been removed.Outsourcing and Vendor Development Guidelines: for DPSUs (defence public sector undertaking) and OFB (ordnance factory board) to promote the participation of private sector, particularly SMEs (small manufacturing enterprises) for defence manufacturing
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Abhash kumar
Abhash kumar 5 years 1 month ago
Defence Procurement Policy: based on the recommendations of the Dhirendra Singh committee, Defence Procurement Procedure 2016 (replaced DPP 2013) added an additional category “Buy (Indian-IDDM)” i.e Indigenously Designed, Developed and Manufactured, as the most preferred way of defence goods acquisition. DPP allowed the Defence Acquisition Council to take a "fast-track" route to acquire weapons, something which was limited to only the armed forces till now.
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Abhash kumar
Abhash kumar 5 years 1 month ago
Strategic Capability: self sufficient and self reliant defence industry will place India among the top global powers. Nationalism and Patriotism can increase with indegenious production of defence equipment, that in turn will not only boost the trust and confidence of the Indian forces but will also strengthen a sense of integrity and sovereignty in them.
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Abhash kumar
Abhash kumar 5 years 1 month ago
Reducing Fiscal Deficit: India is the second largest arms importer in the world (after Saudi Arabia). Higher import dependency leads to increase in the fiscal deficit. Despite having the fifth largest defence budget in the world, India procures 60% of its weapon systems from foreign markets. India can export its indegeneous defence technology and equipment to the neighbouring nations.
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Abhash kumar
Abhash kumar 5 years 1 month ago
Reducing Fiscal Deficit: India is the second largest arms importer in the world (after Saudi Arabia). Higher import dependency leads to increase in the fiscal deficit. Despite having the fifth largest defence budget in the world, India procures 60% of its weapon systems from foreign markets. India can export its indegeneous defence technology and equipment to the neighbouring nations.
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Abhash kumar
Abhash kumar 5 years 1 month ago
The indigenous efforts were not adequate to meet the requirements of the armed forces, this resulted in the shift of focus towards co-development and co-production in partnership with foreign companies. A beginning was made in 1998, when India and Russia signed an inter-governmental agreement to jointly produce Brahmos supersonic cruise missile. Apart from Russia, India has also partnered with other countries such as Israel and France for a number of projects.
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Abhash kumar
Abhash kumar 5 years 1 month ago
In 1990 Self Reliance Review Committee (SRRV) under A.P.J. Abdul Kalam, had formulated a 10-year self-reliance plan under which, the self-reliance index (SRI), (defined as the percentage share of indigenous content in total procurement expenditure), was to be increased from 30% in 1992-1993 to 70 % by 2005.
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