Ministry Of Defence Releases Draft Defence Production And Export Promotion Policy 2020

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 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.

The policy has laid out a number of goals and objective. These include achieving 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, developing a dynamic, robust and competitive Defence industry, including Aerospace and Naval Shipbuilding industry to cater to the needs of Armed forces with quality products, reducing dependence on imports and take forward "Make in India" initiatives through domestic design and development. It also aims 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 focus areas like 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 and Export Promotion.

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