Value Of Defence Production Crossed Rs 1 Lakh Crore-Mark For First Time In 2022-23: Centre

[ad_1]

NEW DELHI: The value of defence production crossed Rs 1 lakh crore-mark in 2022-23 – the first time ever in the country, the central government said on Friday. Minister of State for Defence Ajay Bhatt, in a written response to a query in Lok Sabha, also said that the government in the past few years has encouraged indigenous design and manufacture of defence equipment by the local industry, including MSMEs and start-ups, promoting the ease-of-doing business in defence manufacture and technology in the country.

When asked whether the value of defence production crossed the figure of Rs 1 lakh crore for the first time ever in the financial year 2022-23, the minister said, "Yes, sir." Bhatt said the Union government promotes participation of MSMEs and start-ups for the development of defence technology under schemes such as Innovations for Defence Excellence (iDEX), Technology Development Fund (TDF), and make procedure under Defence Acquisition Procedure (DAP) 2020.

The DAP 2020 provides special provisions to encourage MSMEs and start-ups, he said. Moreover, Public Procurement Policy for MSEs Order, 2012, was implemented at the defence public sector units, or DPSUs, under which the price preference is given to MSME bidders under certain conditions. DPSUs and services have uploaded more than 30,000 defence items on the 'Srijan portal for indigenisation' and offered them to industry, including MSMEs, to become partners in the indigenisation process, he said.

cre Trending Stories

The iDEX was launched in April 2018 to foster innovation and technology development in defence and aerospace by engaging industries, including MSMEs and start-ups. IDEX provides funding and other support to carry out research and development activities for "futuristic" technologies, Bhatt said.

In response to another query, he said, "recruitment of female candidates in National Defence Academy commenced from the year 2022 (NDA-148 course, July 2022 induction)." In the NDA-148 course, 19 cadets joined, and 19 each for NDA-149 and NDA-150 courses. Same facilities are provided to women recruits at par with male recruits in NDA, the minister informed the house.

[ad_2] Source link https://worldnews2023.com/business/value-of-defence-production-crossed-rs-1-lakh-crore-mark-for-first-time-in-2022-23-centre/?feed_id=45525&_unique_id=64baf3e50eef0

Comments

Post a Comment

Popular posts from this blog

Real Housewives of Beverly Hills couple Kyle Richards and Mauricio Umansky ‘seperate’

Image
[ad_1] Stay ahead of the trend in fashion and beyond with our free weekly Lifestyle Edit newsletter Stay ahead of the trend in fashion and beyond with our free weekly Lifestyle Edit newsletter Real Housewives of Beverly Hills ’ Kyle Richards and Mauricio Umansky have reportedly separated after 27 years of marriage. Richards joined the popular Bravo reality series in 2010 with Umansky making regular appearances over the last 13 years. “Kyle and Mauricio have been separated for a while now but are still living under the same roof. They remain amicable as they figure out what’s next for them and their family,” a source confirmed to People on Monday (3 July). The separation will affect both Real Housewives , which is gearing up for its 13th season, and the Netflix reality series Buying Beverly Hills, which follows Umansky’s real estate business as two of their daughters work as agents. Richards has already filmed the second season of the Netflix show, according to Deadline . The I...
Read more

Pfizer RSV vaccine for infants has 'generally favorable' safety data, FDA staff say

Image
[ad_1] Blood sample for respiratory syncytial virus (RSV) test Jarun011 | Istock | Getty Images U.S. Food and Drug Administration staff on Tuesday said Pfizer's vaccine that protects infants from respiratory syncytial virus has "generally favorable" safety data. The FDA staff made the conclusion in briefing documents ahead of a meeting on Thursday when a panel of external advisors to the agency will discuss whether to recommend full approval of the RSV shot . The advisors will vote on whether Pfizer's late-stage clinical trial data on the vaccine supports its safety and efficacy. The FDA typically follows the advice of its advisory committees, but is not required to do so. The agency is slated to make a decision on whether to clear the shot in August before RSV season in the fall. If approved, Pfizer's jab would become the world's first vaccine that protects infants against RSV.  RSV usually causes mild, cold-like symptoms. But infants and older ad...
Read more

Casemiro has improved Man Utd: Maguire | The Express Tribune

Image
[ad_1] LONDON: Casemiro scored twice as Manchester United turned on the style to beat 10-man Reading 3-1 and reach the FA Cup fifth round on Saturday as Tottenham forward Son Heung-min ended his recent goal drought. On a day lacking major shocks, there were wins for Premier League strugglers Leeds, Leicester and Southampton but Fulham were held by Championship side Sunderland. United – fourth in the Premier League and within touching distance of a place in the League Cup final – produced more compelling evidence they are back on track under new manager Erik ten Hag . The home side took the lead at Old Trafford in the 54th minute when Anthony produced a defence-splitting pass to find Brazil teammate Casemiro, who lifted the ball over goalkeeper Joe Lumley. Four minutes later United were two up, when Casemiro let fly with a stunning strike from outside the box to find the bottom corner. With the home side brimming with confidence, substitute Fred produced an audacious flic...
Read more