Showing posts with label imports. Show all posts
Showing posts with label imports. Show all posts

Tuesday, 16 March 2021

India’s arms imports fell by a third between 2011-15 and 2016-20: report - Pragnya IAS Academy - News Analysis.

India’s arms imports fell by a third between 2011-15 and 2016-20: report.

However, India remains the second highest importer, only behind Saudi Arabia. The top five global arms exporters were the US, Russia, France, Germany and China in 2016-2020.

At a time when the government is trying to reduce the import dependence when it comes to defence platforms and weapons, a report by Stockholm International Peace Research Institute (SIPRI), an international organisation that tracks arms trade, has mentioned that India’s arms imports came down by a third between 2011-2015 and 2016-2020.

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However, India remains the second highest importer, only behind Saudi Arabia. The top five global arms exporters were the US, Russia, France, Germany and China in 2016-2020.

In its study released on Monday, SIPRI stated, “Arms imports by India decreased by 33 per cent between 2011–15 and 2016–20. Russia was the most affected supplier, although India’s imports of US arms also fell, by 46 per cent.”

The report attributed the fall not to the government’s push to make India self-reliant in defence manufacturing, but to factors including reducing the dependence on Russian arms, and the complex procurement procedure.

“The drop in Indian arms imports seems to have been mainly due to its complex procurement processes, combined with an attempt to reduce its dependence on Russian arms.

The report also mentioned that in the coming years, India has planned for a number of large-scale arms imports through several suppliers.

Last year the government had announced a negative imports list of 101 defence equipment and platforms. Also, over 60 per cent of the capital expenditure, Rs 70,221 crore, for the armed forces has been allocated for domestically produced weapons and platforms this year.

The report stated that “international transfers of major arms stayed at the same level between 2011–15 and 2016–20” as the “substantial increases in transfers by three of the top five arms exporters — the USA, France and Germany — were largely offset by declining Russian and Chinese arms exports”. The report said middle eastern arms imports grew by 25 per cent during this period, and was driven by Saudi Arabia, with a 61 per cent increase, and Egypt and Qatar, which saw a jump of 136 per cent and 361 per cent, respectively.

In the international arms transfers, Russia and China saw their exports fall, the report said. “Arms exports by Russia, which accounted for 20 per cent of all exports of major arms in 2016–20, dropped by 22 per cent,” to roughly the same level as in 2006–10, the report mentioned.

It highlighted that the bulk of Russian fall was due to India reducing its imports from there.

Alexandra Kuimova, Researcher with the SIPRI Arms and Military Expenditure Programme, said, “Russia substantially increased its arms transfers to China, Algeria and Egypt between 2011–15 and 2016–20, but this did not offset the large drop in its arms exports to India.” (Source: The Indian Express)


The above Article can also be read using the link below:

India’s arms imports fell by a third between 2011-15 and 2016-20: report.

Thursday, 28 April 2016

Centre's nod for NIMZ in Medak

The government has granted the final approval to the National Investment and Manufacturing Zone (NIMZ) at Zaheerabad in Medak district, Telangana.
The estimated total investment by the manufacturing industry by the end of the ultimate phase of the NIMZ's development is Rs.17,300 crore and the employment generation is about 2.77 lakh.
What are National Investment and Manufacturing Zones (NIMZs)?
  1. The National Investment & Manufacturing Zones (NIMZs) are an important instrumentality of the National manufacturing policy. The NIMZs are envisaged as integrated industrial townships with:
  2. State of the art infrastructure.
  3. Land use on the basis of zoning.
  4. Clean and energy efficient technology.
  5. Necessary social infrastructure.
  6. Skill development facilities etc.
Aim: NIMZs aim to provide a productive environment for persons transitioning from the primary to the secondary and tertiary sectors.
What the National Manufacturing Policy (NMP) says?
The National Manufacturing Policy (NMP) has the objective of enhancing the share of manufacturing in GDP to 25% and creating 100 million jobs over a decade. The NMP provides for promotion of clusters and aggregation, especially through the creation of national investment and manufacturing zones (NIMZ).
The National Manufacturing Policy (NMP) provides for:
  • Relief from Capital Gains Tax on sale of plant and machinery of a unit located in a National Investment and Manufacturing Zone (NIMZ) in case of re-investment of sale consideration within a period of three years for purchase of new plant & machinery in any other unit located in the same NIMZ or another NIMZ.
  • Rollover relief from long term Capital Gains tax to individuals on sale of a residential property (house or plot of land) in case of re-investment of sale consideration in the equity of a new start-up SME company in the manufacturing sector for the purchase of a new plant and machinery.
  • Simple and expeditious exit mechanism for closure of sick units while protecting labour interests.
  • In respect of environmental laws/regulations, inspection by specially trained/designated/notified agencies for third party inspection to supplement the inspection by the Government agencies for compliance monitoring.
Some notable points:
  • NIMZ can be proposed with land area of at least 5000 hectares.
  • Land will be selected by state governments and preference would be given to uncultivable land.
  • NIMZ will be managed by Special Purpose Vehicle, headed by. Govt. officials and experts, including those of environment.
  • To enable NIMZs to function as self governing autonomous bodies, they will be declared by the state government as industrial townships under Article 243 Q (c) of the constitution.
  • NIMZs will be notified by the central government.