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Global Trade Alert

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India: Increased domestic procurement of defence goods in the year 2023-2024

Description

On 15 February 2023, the Indian Defence Minister announced that 75% of the budget for defence-related capital expenditure in the year 2023-2024 will be reserved for the domestic industry. This is high...

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Intervention Details

Intervention Type

Public procurement localisation

MAST Chapter

M: Government procurement restrictions

Implementation date

01 Apr 2023

Revocation date

31 Mar 2024

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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