The Department of Defense (MoD) has set a 64 per cent budget for Local Industry (FY) 2021-22. By the end of FY 2021-22, the MoD has been able to achieve this target and have spent 65.50 per cent on the Capital Procurement Budget in the Indigenous Heritage Sector to achieve Prime Minister Shri Narendra Modi’s vision of ‘Atmanirbhar Bharat’.
In addition, according to the first March 2022 expenditure report, the MoD was able to spend 99.50 percent of the Defense Services budget on FY 2021-22.
READ ALSO : Crew-4 Astronauts going to space station to conduct Microgravity Science