GOVERNMENT OF INDIA IMPOSES BAN ON IMPORT OF 101 DEFENCE EQUIPMENT ITEMS

Highlights

• The Union Finance Minister Nirmala Sitharaman had previously announced privatisation in the Indian defence sector

• This is huge boost for the Government of India’s ‘Atmanirbhar Bharat' initiative said Union Defence Minister Rajnath Singh

• Orders worth Rs 4 lakh crore for the domestic sector are likely to be placed over the period of next 7 years

A decision th....