In this episode of the Perspective Prog. based on the ‘Budget 2022-23: Self-Reliant in Defence’. Ministry of Defence has been allocated a total budget of Rs 5.25 lakh crore for Financial Year 2022-23 with a focus on modernisation of Defence Services and Defence Security Infrastructure development including the Border Road Infrastructure and Coastal Security Infrastructure. The total allocation under Capital Outlay of the Defence Services has been increased from Rs 86,740 crore in 2013-14 to 1.52 lakh crore in 2022-23. 68 per cent of the capital procurement budget will be earmarked for domestic industry in 2022-23, up from 58 per cent in the previous year indicating Government’s commitment to reducing imports and promoting AtmaNirbharta in equipment for the Armed Forces. While Defence R&D will be opened up for industry, startups and academia, Private industry will also be encouraged to take up design and development of military platforms and equipment in collaboration with DRDO and other organizations through SPV model. We will discuss and analyse as to how will this budgetary allocation lead to India becoming self reliant in Defence sector and what more needs to be done.
Guests:
1. Sunil K. Misra, Director General, Society of Indian Defence Manufacturers
2. Maj Gen (Retd.) Dhruv C. Katoch, Director, India Foundation
3. Sachin Agarwal, CMD, PTC Industries
Anchor: Vishal Dahiya
Producer: Amit Srivastava, Sagheer Ahmad
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