Home / India News / Proposed MoD policy aims to double India's defence production in 5 years

Proposed MoD policy aims to double India's defence production in 5 years

The new policy backtracks significantly from the draft DPrP 2018, which aimed at catapulting India into the world's top five defence producers

India’s defence industry is estimated to be Rs 80,000 crore

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The draft policy proposes creating a technology assessment cell, with representation from the three Services

3 min read Last Updated : Aug 04 2020 | 1:16 AM IST

Combining multiple announcements (that) were made under Atmanirbhar Bharat package into a single policy document, the Ministry of Defence (MoD) on Monday released a draft Defence Production and Export Promotion Policy 2020 (DPEPP 2020) for public consultation and comments.

“DPEPP 2020 is positioned as MoD’s overarching guiding document to provide a focused, structured, and significant thrust to defence production capabilities of the country for self-reliance and exports,” states the draft policy.

Mirroring the draft Defence Production Policy 2018 (DPrP 2018), which was never finalised, the DPEPP 2020 sets out the target: “To achieve a turnover of Rs 1.75 trillion ($25

Topics : Ministry of Defence Defence Production Policy Defence Procurement Policy

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