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Ministry of Defence
24-July, 2015 16:24 IST
Self Reliance in Defence Production
The Defence Production Policy promulgated in 2011, aims at achieving substantive self-reliance in the design, development and production of equipment, weapon systems, platforms required for defence in as early a time frame possible; creating conditions conducive for the private industry to take an active role in this endeavour; enhancing potential of SMEs in indigenisation and broadening the defence R&D base of the country.
In pursuance of the Policy of achieving substantial self-reliance in Defence Production, the Government has taken several initiatives to promote participation of domestic defence industries in Defence Production and Procurement. These include, preference to ‘Buy (Indian)’ and ‘Buy & Make (Indian)’ categories of acquisition over ‘Buy (Global)’, liberalisation of FDI and Industrial Licensing Policy, Level Playing Field in respect of Customs / Excise Duties between private sector and the public sector, etc.
The policy of achieving self-reliance in Defence Production is pursued through various policy initiatives, as mentioned above, and no specific fund allocation for the purpose has been made. However, the Government in the Union Budget 2014-15 has announced setting up of a Technology Development Fund with an initial sum of Rs.100crore for providing financial support to Indian industry, including SMEs as well as Academic, Scientific and Research & Development (R&D) Institutions for development of defence equipment / systems that enhances cutting edge technology in the country.
This information was given by Minister of State for Defence Rao Inderjit Singh in a written reply to Shrimati Vasanthi M in Lok Sabha today.
24-July, 2015 16:24 IST
Self Reliance in Defence Production
The Defence Production Policy promulgated in 2011, aims at achieving substantive self-reliance in the design, development and production of equipment, weapon systems, platforms required for defence in as early a time frame possible; creating conditions conducive for the private industry to take an active role in this endeavour; enhancing potential of SMEs in indigenisation and broadening the defence R&D base of the country.
In pursuance of the Policy of achieving substantial self-reliance in Defence Production, the Government has taken several initiatives to promote participation of domestic defence industries in Defence Production and Procurement. These include, preference to ‘Buy (Indian)’ and ‘Buy & Make (Indian)’ categories of acquisition over ‘Buy (Global)’, liberalisation of FDI and Industrial Licensing Policy, Level Playing Field in respect of Customs / Excise Duties between private sector and the public sector, etc.
The policy of achieving self-reliance in Defence Production is pursued through various policy initiatives, as mentioned above, and no specific fund allocation for the purpose has been made. However, the Government in the Union Budget 2014-15 has announced setting up of a Technology Development Fund with an initial sum of Rs.100crore for providing financial support to Indian industry, including SMEs as well as Academic, Scientific and Research & Development (R&D) Institutions for development of defence equipment / systems that enhances cutting edge technology in the country.
This information was given by Minister of State for Defence Rao Inderjit Singh in a written reply to Shrimati Vasanthi M in Lok Sabha today.
