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Manufacturing of Defence Equipment

Manufacturing of Defence Equipment The proportion of expenditure in respect of payments to foreign vendors to the total expenditure on defence equipment for Capital Acquisition during the financial year 2013-14 is 42.7% for three services. With a view to achieve greater self-reliance in defence production, Government has announced a Defence Production Policy in January, 2011. Additionally, the Defence Procurement Procedure-2013, lays emphasis on providing the desired boost to the Indigenous Defence Industry by mandating a higher preference to the `Buy (Indian)’, `Buy and Make (Indian)` and `Make` categorisations in Capital Procurement. The Government has taken several steps to promote participation of private sector in defence production. These measures, interalia, include promulgat...
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Helpline 1090