Budget 2022: Big boost for self-reliance in defence sector
Besides, the provision of 68 per cent of the capital procurement budget for the domestic defence industry would further enhance the induction of the indigenous system in our armed forces.
New Delhi: India's premier research wing of the defence sector, the Defence Research & Development Organisation (DRDO) has welcomed the increase in capital budget allocation for research and development.
Following the Budget 2022 tabled by Finance Minister Nirmala Sitharaman, DRDO stated that a 5.3 per cent increase in capital budget allocation up from 11,375 crores to 11,981.81 crores would accelerate the efforts for indigenous research and development (R&D) projects.
Besides, the provision of 68 per cent of the capital procurement budget for the domestic defence industry would further enhance the induction of the indigenous system in our armed forces.
Major announcement:
As far as Atmanirbharata (self-reliance) in defence is concerned, DRDO hailed the 25 per cent of the budget earmarked for engagement of industry, startups and academia will provide the much-required boost for defence R&D. The budget gives a fillip for engagement of industry, startups and academia will provide the much-required boost for defence R&D.
DRDO is working with more than 250 academic institutes on different defence R&D problems for basic, applied and targeted research. DRDO has established 10 advanced research centres in various academic institutions. DRDO is also proposing to set up chairs for specific areas in various universities for long term engagement with academic institutions.
Multiple Provisions for Promoting Defence R&D and Indigenous Development of Defence Systems in #Budget2022 #AtmanirbharDefence@SpokespersonMoD @DefenceMinIndia https://t.co/6TRO9ATPmo pic.twitter.com/UNkoXTmkTM
— DRDO (@DRDO_India) February 2, 2022
