MoD releases draft defence production and export promotion policy

In order to provide impetus to self-reliance in defence manufacturing, multiple announcements were made under ‘Atmanirbhar Bharat Package’.

In implementing such a framework and to position India amongst the leading countries of the world in defence and aerospace sectors, the Ministry of Defence (MoD) has formulated a draft Defence Production and Export Promotion Policy 2020 (DPEPP 2020). The DPEPP 2020 is envisaged as an 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 certain goals. Additionally, the Policy brings out multiple strategies including 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.

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
  •     Innovation and R&D
  •     DPSUs and OFB
  •     Quality Assurance & Testing Infrastructure
  •     Export Promotion

(Indian PSU: All about Indian Public Sector Undertakings. Follow @IndianPSUs for all the News & Views on PSUs, Corporates, Markets, Bureaucracy, Public Policy)

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