Defence Ministry lays out new plans to boost domestic arms buys to Rs 1.4 lakh crore


“In order to enhance procurement from domestic industry, it is incumbent that procurement is doubled from the current Rs 70,000 crore to Rs 1,40,000 crore by 2025,” the draft policy reads. The objective set up for the department of defence production is to achieve a turnover of Rs 1.75 lakh crore in the aerospace and defence sector by 2025.