Giving a fillip to defence manufacturing in the country with the focus on ‘Atmanirbhar’ (self-reliance), the Government on Monday came out with a draft Defence Production and Export Promotion Policy(DPEPP) 2020. The main objective is to achieve a turnover of more than Rs 1,75,000 crore(25Billion dollar) including Rs 35,000-crore worth of exports in aerospace by 2025.
Giving details of the draft of the policy, now in public domain for inviting suggestions, officials said the main focus is on providing a framework to position India amongst the leading countries of the world in defence and aerospace sectors.
The DPEPP 2020 is envisaged as an overarching guiding document of the defence ministry to provide a focused, structured and significant thrust to defence production capabilities of the country for self-reliance and exports.
Besides achieving a turnover of Rs 1,75,000 Crores, the policy also aims 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.
Moreover, the document focuses on efforts to reduce dependence on imports by giving a push to Make in India through initiatives like domestic design and development. Also to promote export of defence products and become part of the global defence value chains, the draft said.
The policy brings out multiple strategies under the following focus areas like procurement reforms, indigenization, support to MSMEs/Startups, optimise resource allocation, investment promotion, FDI and ease of doing business amongst others.