Defence Ministry lays out new plans to boost domestic arms buys to Rs 1.4 lakh crore

New Delhi: The defence ministry plans to increase procurement from the domestic industry to Rs 1.4 lakh crore by 2025, doubling the current spending as part of its plans to create and sustain a defence manufacturing ecosystem that will also focus heavily on exports.A draft policy on defence production and export promotion lays down the internal target of the ministry to increase the capital budget, promote exports by public sector units, focus