"Defence of every square inch of our mother land comes before anything else. Keeping our defence forces ready for any eventuality. This year too, I have provided adequately for the needs of the armed forces," Finance Minister Arun Jaitley said on Saturday while announcing the details in his budget proposals for 2015-16.
Jaitley announced that Prime Minister Narendra Modi's Make India policy will be made operational in defence by emphasizing on using indigenous materials to achieve greater self-sufficiency in the area of defence equipment.
"So far, we have been over dependent on imports, with its attendant unwelcome spin-offs. Our government has already permitted FDI in defence so that the Indian-controlled entities also become manufacturers of defence equipment, not only for us, but for export," he said.