‘India’s self-reliance in defence sector to boost global standing’: PM Modi

‘India’s self-reliance in defence sector to boost global standing’: PM Modi

Prime Minister Narendra Modi said on Thursday that his government's resolve for 'Aatmanirbhar Bharat' is not inward-looking, but aimed at boosting India's capabilities and global peace, and also for helping the world economy become more stable.

Speaking at a defence industry outreach seminar, Modi said India's self-reliance on defence capabilities will boost its standing of being a net security provider in the Indian Ocean, make it a defence supplier for many friendly countries and deepen strategic ties.Wooing private players, he asserted that the import embargo on a number of defence equipment is not only aimed at curbing imports but also giving a boost to the domestic industry.

He said more items will be added to this import embargo list later.