Indigenous Production of Defence Equipment

Indigenous Production of Defence Equipment The capital procurement of defence equipment / weapons for the Indian Army is guided by provisions of Defence Procurement Procedure-2013 wherein preference is accorded to ‘Buy (Indian)’, ‘Buy and Make (Indian)’ and ‘Make’ categorisation over ‘Buy (Global)’ & ‘Buy and Make (Global)’ categorisation, thereby giving priority to indigenous weapons / equipment. The Government has taken following major steps to promote indigenous manufacturing capabilities of defence equipment in the country:- • FDI policy in defence sector has been reviewed and as per the revised policy, composite foreign investment upto 49% is allowed through Government route (FIPB) and beyond 49%, with the approval...
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Helpline 1090