News > Government stops import of 2,851 components used in defence manufacturing

Government stops import of 2,851 components used in defence manufacturing

Dais Newsfeed | 29/12/2021 06:13 PM | Click to read full article

In a bid to save foreign exchange worth around Rs 3,000 crores every year, the Modi government has decided to stop the import of 2,851 components used in defence equipment manufacturing.

In a notification issued on Wednesday, the Defence Ministry announced a fresh list of 351 sub-systems and components that will not be allowed to be imported under a staggered timeline beginning December next year.