Business Standard
Thursday, May 24, 2012
Sponsored by  
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Commodities
 

70% defence equipment being imported: A K Antony
Press Trust of India / New Delhi Jul 20, 2009, 15:06 IST

Defence Minister A K Antony today said it was "unfortunate and painful" that 70 per cent of defence equipment was still being imported and informed the Lok Sabha that government was working towards manufacturing state-of-the-art equipment indigenously.     

"It is unfortunate and painful that 70 per cent of defence equipment is still being imported," the minister shared during the Question Hour.     

Antony said till India reached a stage where it could provide state-of-the-art equipment, it would have to rely on imports. "If Indian products are not of state-of the art quality, using them would be dangerous."

The defence minister added his ministry had decided to accord first priority to Indian public and private companies which are able to provide such equipment.     

In reply to a question on whether there was a time-frame by when India would become self-sufficient in defence production, Antony hoped the process would be "speeded up". He said the procurement policy would be reviewed annually.     

Minister of State of Defence, Vincent Pala conceded that there were deficiencies in bullet proof jackets but said these were not "sub-standard".

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Oil, banking stocks fuel rally, Nifty ends above 4,900
- Micro Technologies Q4 profit rises over 3-fold to Rs 24 cr
- TVS Motor Q4 net up 31% at Rs 57 cr
- SGJHL Q4 net at Rs 160 cr
- CII demands dual pricing of diesel
  Read Business news in 
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- Journey on, We are by Your Side. Click here to know more
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- The Best Seller is Also the No. 1 in Mileage. Click here
- Watch The Film Here. Click here to know more..
- Leader in Passenger Car & Automobile Tyres. Click here
- 1 billion in saving for Unilever without any tangles.
- Learn How One City is Running on FOOD SCRAPS.
- One Partnership Endless Possibilities. Click here to know more
- Helping doctors detect diseases earlier, saving costs & extending lives.
- 36 Lakhs can get you a pool of Luxuries. Click here
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
Sorry, comments to this story are closed
Latest Messages
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- Mitsubishi surprises Biyani, wants stake in flagship Big Bazaar
- Petrol price up Rs 7-plus in sharpest rise ever
- Rupee breaches 56/dollar amid feeble RBI action
- Telecom industry warns of mobile tariff hike
- UPA allies, Opposition flay petrol price rise
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  Hot Searches  
 
Apalya |  Air India |  GAAR |  Agni  |  Solar eclipse |  Satyamev Jayate |  SRK |  Aamir Khan |  IPL |  Ertiga |  Sarfaesi Act |  Vodafone |  JP Morgan |  Transfer pricing |  Rupee |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us