India Approves Rs 1.1 Lakh Crore in Military Hardware Procurement
The Indian government has cleared defence procurement proposals worth Rs 1.1 lakh crore for military hardware. Defence Minister Rajnath Singh announced that 98% of the approved equipment will be sourced from domestic companies. The decision reflects India's continued push to strengthen its indigenous defence manufacturing sector. This move is expected to significantly boost local defence firms and reduce dependence on foreign military suppliers.
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