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Draft policy on Defense Production
March 31 , 2018
2304 days
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- The Ministry of Defence has released draft policy on defence production that aims to make India one of the top five manufacturers of defence platforms with active participation of public and private sectors.
- At present, India is one of the world’s largest importer of military equipment and weapons.
- The Objectives of Policy on defence production is to
- Make India one of top five manufacturers of defence platforms with active participation of public and private sectors.
- Make India self-reliant in defence production as well as fulfil demand of friendly countries.
- Achieve turnover of Rs.1,70,000 crore in military goods and services by 2025 by promoting domestic defence industry.
- Followings are mentioned in Draft policy on defence production
- Licensing process for defence industries will be liberalised
- list of items requiring for licences will be reviewed and pruned.
- All applications for licences for defence industries will be disposed off in 30 days.
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