Decrease in import content of defence acquisitions: DRDO

[selvan33]

Decrease in import content of defence acquisitions: DRDO

The DRDO today said its sustained efforts have helped in reducing the content of imports in defence acquisitions from 70 per cent to 45 per cent.

“DRDO’s sustained efforts, supported by various stakeholders have brought down the import content of defence acquisitions from 70 per cent to around 45 per cent,” the premier defence research agency said in a press release.

The claim by the DRDO comes at a time when the Defence Ministry is working with a renewed vigour to increase indigenisation to avoid scams in military procurement from foreign sources.

The DRDO said during the conference of its directors tomorrow to be inaugurated by Defence Minister A K Antony, it will hold round-table discussions on the need to enhance the participation of private sector, with a view to accelerate indigenisation. The conference will cover topics related to long term requirements of our armed forces and a technology development plan, meeting these requirements in the broader perspective of emerging technologies.

“The associated manufacturing technologies required to translate technological developments into quality products will also be the subject of discussion,” the release said.

Round-table discussions would also be held to look at the future threat scenarios and the technologies required to meet the associated challenges, it said.

 

[Yogi]

source plz

 

[3Idiots]

source plz

Simple, just google:

Decrease in import content of defence acquisitions: DRDO

 

[Yogi]

Simple, just google:

Decrease in import content of defence acquisitions: DRDO

Its a forum rule n its OP's responsibility to provide it with the acticle itself.

But anyways thanx

 

[3Idiots]

Its a forum rule n its OP's responsibility to provide it with the acticle itself.

But anyways thanx

Yup, agreed.

 

[IND151]

Decrease in import content of defence acquisitions: DRDO

The DRDO today said its sustained efforts have helped in reducing the content of imports in defence acquisitions from 70 per cent to 45 per cent.

“DRDO’s sustained efforts, supported by various stakeholders have brought down the import content of defence acquisitions from 70 per cent to around 45 per cent,” the premier defence research agency said in a press release.

The claim by the DRDO comes at a time when the Defence Ministry is working with a renewed vigour to increase indigenisation to avoid scams in military procurement from foreign sources.

The DRDO said during the conference of its directors tomorrow to be inaugurated by Defence Minister A K Antony, it will hold round-table discussions on the need to enhance the participation of private sector, with a view to accelerate indigenisation. The conference will cover topics related to long term requirements of our armed forces and a technology development plan, meeting these requirements in the broader perspective of emerging technologies.

“The associated manufacturing technologies required to translate technological developments into quality products will also be the subject of discussion,” the release said.

Round-table discussions would also be held to look at the future threat scenarios and the technologies required to meet the associated challenges, it said.

which criteria they used to get the 45% figure?

anyway its good if the import content of defense acquisitions is reduced due to DRDO's work, even if the decrease is modest

 

[3Idiots]

which criteria they used to get the 45% figure?

anyway its good if the import content of defense acquisitions is reduced due to DRDO's work, even if the decrease is modest

India's total defence imports per year average about $3 billion per year (average).

If this represents 45 percent (import content), India's total equipment procurement in a year would be about $6.66 billion.

If the import content in this $6.6 billion were 70 percent, we would have been importing $4.66 billion per year.

(Off course, as a percent of defence budget, the imports are about 7-8 percent).

So, the reduction would be about $1.66 Billion (i.e. $4.66 billion - $ 3 billion).

Off course, as percent of the overall defence budget, the imports are much lower: about 7-8 percent.