How many major capital acquisition contracts did the Ministry of Defence sign in March 2024 as part of the 'Aatmanirbharta in Defence'?

The correct answer is Five.

Key Points

• The Ministry of Defence signed five major capital acquisition contracts in March 2024 as part of the 'Aatmanirbharta in Defence' initiative.
• This move aims to boost indigenous defense manufacturing and reduce dependency on foreign imports.
• The contracts involve the procurement of advanced weaponry, equipment, and platforms from Indian defense manufacturers.
• This initiative aligns with the Indian government's vision of self-reliance in defense production.
• The contracts are expected to enhance the operational capabilities of the Indian Armed Forces significantly.

Additional Information

• Aatmanirbhar Bharat
  • It is a campaign initiated by the Government of India to make India a self-reliant nation.
  • The campaign focuses on five pillars: Economy, Infrastructure, System, Vibrant Demography, and Demand.
  • It aims to promote local manufacturing and reduce import dependency.
  • Several schemes and initiatives have been launched under this campaign to support various sectors, including defense.
• Defence Acquisition Procedure (DAP) 2020
  • It is a comprehensive document outlining the policies and procedures for defense acquisitions in India.
  • DAP 2020 emphasizes indigenous design, development, and manufacturing of defense equipment.
  • It includes provisions for faster decision-making and ease of doing business in the defense sector.
  • The procedure aims to enhance self-reliance in defense production by promoting domestic industries.
• Make in India
  • It is a major national initiative launched by the Government of India to encourage companies to manufacture their products in India.
  • The initiative aims to transform India into a global manufacturing hub.
  • It covers 25 sectors, including defense manufacturing.
  • Make in India aims to create jobs, boost the economy, and enhance skill development in the country.
• Defence Industrial Corridors
  • The Indian government has established defense industrial corridors in Uttar Pradesh and Tamil Nadu.
  • These corridors aim to promote defense manufacturing and attract investments.
  • They provide state-of-the-art infrastructure and logistics support to defense manufacturers.
  • The corridors are expected to boost the defense ecosystem and create employment opportunities.