Modi’s Make in India just saved Rs 1 lakh crore in defence sector. Here’s how

Modi’s Make in India just saved Rs 1 lakh crore in defence sector. Here’s how Prime Minister Narendra Modi’s Make in India initiative has helped the defence ministry save more than Rs 1 lakh crore worth of foreign exchange. In the past two years, as many as six air defence and anti-tank missile projects have been built indigenously by the DRDO (Defence Research and Development Organisation), even as several new ones are under its consideration. Senior defence officials said the decision by the government in favour of going for Make in India is also going to help the development of the indigenous defence industry as the money which would have been transferred to foreign vendors would now be spent within the country and will also develop the capabilities of the indigenous players. Even th

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