New Delhi: The government released the defence production policy for the first time on Thursday, intended to create an eco-system, which is conducive for private defence industry in the country particularly for the small and marginal enterprises.
It’s an attempt to promote reliance in the defence sector and the government will give preference to indigenous design development and manufacture of defence equipment.
The Policy will design and integrate platform systems within the country in line with the sector’s long-term integrate perspective plan.
Also, all viable approaches such as formation of consortium, joint ventures and public-private partnerships will be suitably explored
The ‘make’ category of the defence procurement procedure (DPP) 2011 will be simplified in such a manner that it enables both public and private industry to meet defence requirement as fast as possible.
The government will also set up a separate fund to provide for necessary resources to publice and private sectors including the SMEs to support innovation and research and development activities to enhance the country’s cutting edge technologies in defence.