Economy | Defense
India aims at procuring 70% military needs indigenously: Parrikar
TIMES OF INDIA, NEW DELHI | 22 December 2015 14:00 IST
e NDA government aims to ensure that 40% of the country's military hardware and software requirements are procured indigenously under the 'Make in India' initiative, with the eventual plan being to ramp it up to 70% in the next five years, defence minister Manohar Parrikar said on Monday.
India currently has the dubious distinction of being the world's largest arms importer, sourcing as it does around 70% of its defence equipment from abroad. CLICK TO READ MORE
