MoD releases draft defence production and export policy

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New Delhi:  The Ministry of Defence (MoD) has formulated a draft Defence Production and Export Promotion Policy 2020 (DPEPP 2020) in order to provide impetus to self-reliance in defence manufacturing.

The DPEPP 2020 is envisaged as overarching guiding document of MoD to provide a focused, structured and significant thrust to defence production capabilities of the country for self-reliance and exports.

The policy has laid out the following goals and objectives: `

  • To achieve a turnover of Rs 1, 75,000 crores (US$ 25Bn) including export of Rs 35,000 crore (US$ 5 Billion) in Aerospace and Defence goods and services by 2025.
  • To develop a dynamic, robust and competitive Defence industry, including Aerospace and Naval Shipbuilding industry to cater to the needs of Armed forces with quality products.
  • To reduce dependence on imports and take forward “Make in India” initiatives through domestic design and development.
  • To promote the export of defence products and become part of the global defence value chains.
  • To create an environment that encourages R&D rewards innovation creates Indian IP ownership and promotes a robust and self-reliant defence industry.

The Policy brings out multiple strategies under the following focus areas:

  • Procurement Reforms
  • Indigenization & Support to MSMEs/Startups
  • Optimize Resource Allocation
  • Investment Promotion, FDI & Ease of Doing Business
  • Innovation and R&D
  • DPSUs and OFB
  • Quality Assurance & Testing Infrastructure
  • Export Promotion

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