Draft ‘Defence Production & Export Promotion Policy (DPEPP) 2020
Part of: GS Mains II and III – Govt policies and schemes; Defence
About:
In order to provide impetus to self-reliance in defence manufacturing, multiple announcements were made under ‘Atmanirbhar Bharat Package’.
In implementing such framework and to position India amongst the leading countries of the world in defence and aerospace sectors, Ministry of Defence (MoD) has formulated a draft Defence Production and Export Promotion Policy 2020 (DPEPP 2020).
The policy has laid out 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 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
