Government to reveal major policy outlining roadmap to build defense industry
The government is likely to unveil a major policy next month outlining a roadmap to build a robust defence production industry and make India one of the top five manufacturers of military equipment and platforms in the next 10 years.
The government is likely to unveil a major policy next month outlining a roadmap to build a robust defense production industry and make India one of the top five manufacturers of military equipment and platforms in the next 10 years.
Official sources said the final touches are being given to the policy before it is being placed before the Union Cabinet for approval.
They said a significant focus of the defense production policy (DPP-2018) will be to invest adequate resources to develop critical technology for manufacturing state-of-the-art military platforms including fighter jets, attack helicopters, and weaponry indigenously.
The DPP-2018 is likely to be released next month, the sources said.
A Swedish think tank, in a report in March, said India remained the largest importer of military hardware in the world in the last five years, adding Indian imports of major weapons rose by 111 percent in the last five years compared to 2004-08.
According to official figure, India inked 187 contracts worth Rs 2.40 lakh crore with foreign and domestic firms for various military equipment and weapons in the last four years. However, the majority of the projects are yet to take off due to procedural delays.
Officials said the DPP is also likely to simplify the procurement process by cutting several layers of approval which often cause delays.
They are fighter aircraft, medium lift and utility helicopters, warships, land combat vehicles, missile systems, gun systems, small arms, ammunition and explosives, surveillance systems, electronic warfare (EW) systems and night fighting enablers, among others.
According to the policy, the government aims to make one of the top five manufacturers of military equipment and platforms in the next 10 years as well as to fulfill the demand of other friendly countries.
The draft policy says the licensing process for defense industries will be liberalized and the list of items requiring licenses will be reviewed and pruned.
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