About a week ago, the defence ministry approved the sixth Positive Indigenization List (PIL) of 780 items, which will further curtail defence imports. The share of imports, which is about 35 per cent of the total defence procurement budget, has come down in the last two to three years.
Market Trading Guide: Know why BEML, HUDCO are among 5 stock recommendations for Monday
Indian markets fell on Friday amid profit booking in IT and healthcare stocks but headline indices still managed to end with near 4% weekly gains.