"Fillip To Make In India": Defence Minister Rajnath Singh Hails Budget

Budget 2022: Defence Minister Rajnath Singh welcomed Finance Minister Nirmala Sitharaman's announcement that 68% of the defence capital procurement budget would be allocated towards procurement from domestic industry.

Defence Minister Rajnath Singh on Tuesday described as an "excellent move" the proposal in the Union Budget to set aside 25 per cent of the defence R&D budget for start-ups and private entities in the financial year 2022-23. The 68 percent of defence capital procurement budget has been allocated towards local procurement.It is in line with the ‘Vocal for Local' push and it will certainly boost the domestic defence industries.

Mr Singh also welcomed Finance Minister Nirmala Sitharaman's announcement that 68 per cent of the defence capital procurement budget would be allocated towards procurement from domestic industry.

"The 68 percent of defence capital procurement budget has been allocated towards local procurement. It is in line with the 'Vocal for Local' push and it will certainly boost the domestic defence industries," Mr Singh tweeted.