Rajnath Singh said the budget outlines the government's focus on 'Atamnirbharata' and Prime Minister Narendra Modi's vision for development and pro people reforms.
Union Defence Minister Rajnath Singh. Photo/AFP
Defence Minister Rajnath Singh on Tuesday described as an "excellent move" the proposal in the Union Budget to set aside 25 per cent of the defence R&D budget for start-ups and private entities in the financial year 2022-23.
ADVERTISEMENT
Singh also welcomed Finance Minister Nirmala Sitharaman's announcement that 68 per cent of the defence capital procurement budget would be allocated towards procurement from domestic industry.
"The 68 percent of defence capital procurement budget has been allocated towards local procurement. It is in line with the 'Vocal for Local' push and it will certainly boost the domestic defence industries," Singh tweeted.
He said substantial amounts have been allocated towards research and development in several sectors including defence.
Substantial amounts have been allocated towards Research and Development in several sectors including Defence.
— Rajnath Singh (@rajnathsingh) February 1, 2022
The proposal to reserve 25 percent of the R&D Budget for Startups and Private entities is an excellent move.
"The proposal to reserve 25 percent of the R&D Budget for Startups and Private entities is an excellent move," the defence minister said.
In her budget speech in Parliament, Sitharaman said the government is committed to reducing imports and promoting self-reliance in equipment for the armed forces.
"Sixty-eight per cent of the capital procurement budget will be earmarked for domestic industry in 2022-23, up from 58 per cent in 2021-22," she said.
The finance minister said defence research and development will be opened up for industry, start-ups and academia with 25 per cent of the defence R&D budget earmarked for it.
"Private industry will be encouraged to take up design and development of military platforms and equipment in collaboration with DRDO and other organisations through SPV (special purpose vehicle) model," she said.
Sitharaman said an independent nodal umbrella body will be set up for meeting wide-ranging testing and certification requirements.
"Congratulations to Finance Minister, Smt @nsitharaman on presenting an excellent Union Budget for 2022-23. It is a Budget which would give fillip to 'Make in India', boost demand and build capacities for a stronger, prosperous and confident India," Singh said.
He said the budget outlines the government's focus on 'Atamnirbharata' and Prime Minister Narendra Modi's vision for development and pro people reforms.
Congratulations to Finance Minister, Smt @nsitharaman on presenting an excellent Union Budget for 2022-23.
— Rajnath Singh (@rajnathsingh) February 1, 2022
It is a Budget which would give fillip to ‘Make in India’, boost demand and build capacities for a stronger, prosperous and confident India. #AatmanirbharBharatKaBudget
"It is a growth oriented Budget focused on harnessing the energies of New India," Singh said.
Union Home Minister Amit Shah, BJP president JP Nadda also welcomed the union budget.
The development of the North-eastern region has always been the top priority of the Modi govt. The announcement of the ‘PM Development Initiative’ for the Northeast will go a long way in realising PM Modi’s vision of a prosperous northeast. #AatmanirbharBharatKaBudget
— Amit Shah (@AmitShah) February 1, 2022
मैं पुनः इस ऐतिहासिक बजट के लिए माननीय प्रधानमंत्री श्री @narendramodi जी, वित्त मंत्री @nsitharaman जी एवं उनकी पूरी टीम का अभिनंदन करते हुए उन्हें बधाई देता हूँ। यह आम बजट कोविड संक्रमण काल से निकल रहे देश के आर्थिक चक्र को नई ताकत देगा और इसके सर्वांगीण विकास में मदद करेगा।
— Jagat Prakash Nadda (@JPNadda) February 1, 2022
Union Law Minister Kiren Rijiju also congratulated Nirmala Sitharaman's for her budget. Other Union ministers also applauded the budget and praised Finance Minister and PM Narendra Modi.
PM @narendramodi ji’s principle of maximum governance, minimum government is further strengthened through application of litigation management.
— Kiren Rijiju (@KirenRijiju) February 1, 2022
I congratulate FM @nsitharaman ji for sharing a roadmap for Trust based Governance in India.#AtmaNirbharBharatKaBudget pic.twitter.com/qI6akuuC3F
आदरणीय प्रधानमंत्री श्री @narendramodi जी के नेतृत्व में वित्त मंत्री श्रीमती @nsitharaman जी द्वारा पेश किया गया बजट देश में आधुनिक इन्फ्रास्ट्रक्चर को बढ़ावा देने वाला बजट है, जो नए भारत की नींव रखेगा और 130 करोड़ भारतवासियों की ज़िंदगी बेहतर करेगा। #AtmaNirbharBharatKaBudget
— Nitin Gadkari (@nitin_gadkari) February 1, 2022
किसान, महिला और युथ पर फोकस रहे इस वर्ष के बजट में पीएम गति शक्ति के जरिए विकास पर जोर दिया गया है। #AtmaNirbharBharatKaBudget #UnionBudget2022
— Nitin Gadkari (@nitin_gadkari) February 1, 2022
देशभर में रसायन मुक्त प्राकृतिक खेती को बढ़ावा दिया जाएगा, साथ ही पीपीपी मॉडल के तहत स्कीम लाई जाएंगी, जिससे किसानों तक डिजिटल और हाईटेक तकनीक पहुंचाई जाएगी जिससे किसानों को फायदा होगा।#AatmanirbharBharatKaBudget #UnionBudget2022
— Nitin Gadkari (@nitin_gadkari) February 1, 2022
ये बजट More Infrastructure, More Investment, More Growth, और More Jobs की नई संभावनाओं से भरा हुआ है।
— Office of Mr. Anurag Thakur (@Anurag_Office) February 1, 2022
इससे Green Jobs का भी क्षेत्र और खुलेगा।
- पीएम श्री @narendramodi जी #AatmanirbharBharatKaBudget #Budget2022
Congratulations to PM @narendramodi Ji & FM @nsitharaman Ji for a futuristic #AatmaNirbharBharatKaBudget laying the blueprint for India’s Amrit Kaal. Emphasis on multi-modal infra & newer avenues for investment will position India at the center of the emerging global economy.
— Smriti Z Irani (@smritiirani) February 1, 2022
Maharashtra BJP leader Devendra Fadnavis on Tuesday said the Union budget aims to make India "atmanirbhar" (self-reliant) and "balashali" (strong). Speaking to reporters in Goa, Fadanavis said the budget, presented by Union Finance Minister Nirmala Sitharaman, was all inclusive and was taking the country towards progress.
“The budget has touched all sectors in the country. It is an all-inclusive budget, taking the country towards progress. What is most important is that even after the Covid-19 pandemic, the budget projects 9.2 per cent growth,” the BJP leader said.
“In the real sense, the budget aims at making India ‘atmanirbhar’ (self-reliant) and ‘balashali’ (strong) with the focus on future,” he said.
Literally the #AatmanirbharBharatKaBudget !
— Devendra Fadnavis (@Dev_Fadnavis) February 1, 2022
This #AatmanirbharBharatKaBudget will play a significant role in shaping our Bharat to become more Aatmanirbhar (self reliant) & stronger.
We thank Hon PM @narendramodi ji & Hon FM @nsitharaman ji for this futuristic #Budget2022 !
The BJP leader further said that the most important highlight of the budget is investment to the tune of Rs 7.5 lakh crore in the infrastructure sector, which is 35 per cent more than the last fiscal.
Investment in infrastructure results in employment generation, as it helps 27 sectoral industries, said Fadnavis, who is the Goa in-charge of the upcoming Assembly polls.
With inputs from PTI
Subscribe today by clicking the link and stay updated with the latest news!" Click here!
