Construction of All Weather Roads in Border Areas and border-wise length of new roads constructed in the last five years will facilitate all-weather access to the borders of the country. Financial expenditure incurred thereon for these projects by BRO are as below:
Weaponry Manufacturing Units: Towards promoting ‘Make in India’ in defence sector, Government has issued 584 Defence Licenses to 358 private companies for setting up of manufacturing units, including 107 licenses for weapon manufacturing. In addition, there are 16 DPS Companies manufacturing various platforms and equipment for the Armed Forces.
New Banking Policy for Purchase from Foreign Countries: Government has assigned HDFC Bank, ICICI Bank and Axis Bank to provide financial services in form of Letter of Credit (LC) and Direct Benefit Transfer (DBT) business for overseas procurement by the MoD. Till now, only authorised Public Sector Banks were utilised to provide these services to the Ministry. Allocation of LC and DBT business to Private Sector Banks is expected to bring in greater competition and efficiency in the banks.
FDI In Defence Sector: Government had in 2020 liberalised and allowed FDI under automatic route up to 74 per cent and up to 100 per cent through Government route wherever it is likely to result in access to modern technology. Since the notification of revised FDI policy, the total FDI inflow reported till May, 2022 is approximately Rs 494 crores.
Compulsory Military Service for Youths. Government has not formulated any scheme for the mandatory service of youth in the Armed Forces. There is no role of the Sainik Schools in the implementation of the Agnipath scheme.
Defence Corridor Projects: Uttar Pradesh Defence Industrial Corridor (UPDIC) has signed 69 MoUs with industry with potential investment of Rs 10,545 crore. Actual Investment of Rs 1,767 crore has been made by the industries in UPDIC. Tamil Nadu Industrial Development Authority (TIDCO) has arranged investment worth potential of Rs 11,359 crore through MoUs etc with 42 industries. Actual Investment worth Rs 3,176 crore has been made by the industries in TNDIC.
