Defence Sector - Product Import Embargo List - ICICI Securities

The Ministry of Defence (MoD) announced an import embargo list of 101 defence items to be progressively implemented between 2020 and 2024 to boost indigenisation of defence production providing a big push to "Atmanirbhar Bharat" and "Make in India" Initiatives. This was one of the major steps proposed in Draft Defence production and Export Promotion policy (DPEPP) 2020. The decision offers a great opportunity to the Indian defence industry to manufacture the items in the negative list by using their own design and development capabilities or adopting technologies designed & developed by DRDO to meet the requirements of armed forces in coming years.

For details, click on the link below: https://www.icicidirect.com/mailimages/IDirect_Defence_SectorUpdate_Aug2020.pdf

Source : Equity Bulls

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