Since 100% FDI is allowed in defence sector, the businesses from which the clothing and equipment was being imported should be asked to line up shop in India for impetus to the local textile and leather industry.
The ministry of defence features a list of 209 items including cruise missiles, next generation corvettes, tank engines and towed artillery guns which are placed under negative import list to uplift Prime Minister Narendra Modi’s programme Atmanirbhar bharat . Import restrictions on the second list of 108 items will progressively inherit effect from December 2021 to December 2025. the primary list of defence imports under negative category was issued in August 2020.
