Defence export target set at US$25bn
The Ministry of Defence (MoD) has formulated a draft Defence Production and Export Promotion Policy 2020 (DPEPP 2020) which aims to build an industry Rs.175,000 crores (US$25 billion) including exports of Rs.35,000 crore (US$5 billion) in Aerospace and Defence goods and services by 2025.
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.
In implementing such framework and to position India amongst the leading countries of the world in defence and aerospace sectors, said the MoD on 3 August 2020.
The policy’s goals and objectives:
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’s multiple strategies and 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
The draft DPEPP 2020 can be accessed at https://ddpmod.gov.in/dpepp and https://www.makeinindiadefence.gov.in/admin/webroot/writereaddata/upload/recentactivity/Draft_DPEPP_03.08.2020.pdf for public consultation and seeking inputs/comments from the stakeholders. Based on the comments received, the policy would be promulgated by the MoD.
Inputs/comments on the draft DPEPP 2020 is solicited latest by August 17, 2020 to the email id dirpnc-ddp@nic.in. #defene #aerospace #naval @army #guns #tanks #canons #nuclear /fiinews.com
