Defence imports to be under 40% by '20: Parrikar
Defence Minister Manohar Parrikar has said that the defence imports of India will be brought down to below 40% by 2019-20. The imports were 70% when the NDA came to power, whereas now they are below 60%, he said. Earlier, the Centre relaxed FDI norms in the defence sector, a move that will make India an export hub, Parrikar added.