Defence Minister Rajnath Singh has said that separate capital expenditure provisions in the Budget for domestic and foreign defence procurements will give huge thrust to the domestic industries. Sharing his thoughts on the budgetary provisions of 2021-22 and its impact on Defence sector, Mr. Singh today asserted that the approach towards the defence sector has been driven by the sentiment of Atmanirbhatra. Hailing the provisions of the Union Budget, Defence Minister said that it brings a healthy mix of promise, potential and progress. He said under the guidance of Prime Minister Narendra Modi, centre extended all means of support to the affected sectors reeling under the effect of the pandemic.
Mr. Singh said the Defence Budget has seen an unprecedented increase of 18.75 per cent in capital outlay, over the last year, and 30 per cent over the year before, which is the highest in the last 15 years.
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