India to unveil defence production policy soon

India to unveil defence production policy soon

New Delhi: India plans to unveil its defence production policy in a couple of months which would aim at reducing the dependence on overseas supplies and help in indigenization of its armed forces weapons platforms, said defence production secretary R.K. Singh.

Under the new defence production policy the Indian government would guarantee a minimum order to companies that are involved in the development programme. After the equipment developed clears test trials, the orders will be bid out in such a way that the involved firms get some part of the orders.

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