Shares of Paras Defence, Bharat Dynamics (BDL), Bharat Electronics (BEL), Hindustan Aeronautics

Why in news

Shares of major Indian defence firms surged following the Ministry of Defence's launch of a sixth indigenisation list with a ₹3,070 crore business potential.

Background

The Indian Defence Ministry launched a sixth indigenisation list targeting ₹3,070 crore in business potential. Recent Defence Acquisition Council (DAC) approvals were valued at approximately ₹52,000 crore.

Facts for Prelims

• FactThe sixth indigenisation list has an estimated business potential of ₹3,070 crore.
• FactRecent DAC approvals reached a value of approximately ₹52,000 crore.
• BodyDAC (Defence Acquisition Council) is the apex body for defense procurement in India.

For Mains

Q. Discuss how the policy of indigenisation and 'Atmanirbhar Bharat' in the defence sector contributes to India's economic growth and strategic autonomy.

Dimensions to cover in your answer

• reduction in import dependency
• job creation in high-tech manufacturing
• strengthening of domestic supply chains
• strategic autonomy

Keywords: indigenisation · Atmanirbhar Bharat · defence procurement · strategic autonomy · industrial growth

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