Lankan Ranger
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New Policy by Ministry of Defence to boost Indian Arms Industry
Facing sustained criticism for its continuing dependence on foreign weaponry, the Ministry of Defence (MoD) is finalising an ambitious policy for building up India's defence industry, both public and private.
The MoD will lay down clear time targets and provide 80 per cent of the cost that will be incurred. "We have consulted the army, navy, air force, the Defence R&D Organisation (DRDO), academia, Ficci, CII and Assocham and noted their comments," says R K Singh.
"The new policy will come up before the Defence Procurement Board (DPB) for consideration on June 11When a need is anticipated for the army, e.g. a futuristic Main Battle Tank, the MoD will survey the industry and identify at least two major companies, to which it will award development contracts.
These two prime contractors, working with a tailor-made consortium of companies, will develop a separate tank prototype and the MoD will select one, or even both, for mass production.
ASIAN DEFENCE: New Policy by Ministry of Defence to boost Indian Arms Industry
Facing sustained criticism for its continuing dependence on foreign weaponry, the Ministry of Defence (MoD) is finalising an ambitious policy for building up India's defence industry, both public and private.
The MoD will lay down clear time targets and provide 80 per cent of the cost that will be incurred. "We have consulted the army, navy, air force, the Defence R&D Organisation (DRDO), academia, Ficci, CII and Assocham and noted their comments," says R K Singh.
"The new policy will come up before the Defence Procurement Board (DPB) for consideration on June 11When a need is anticipated for the army, e.g. a futuristic Main Battle Tank, the MoD will survey the industry and identify at least two major companies, to which it will award development contracts.
These two prime contractors, working with a tailor-made consortium of companies, will develop a separate tank prototype and the MoD will select one, or even both, for mass production.
ASIAN DEFENCE: New Policy by Ministry of Defence to boost Indian Arms Industry
