New Defence Policy for Production

A Draft ‘Defence Production and Export Promotion Policy 2020 was placed in public domain by the Department of Defence Production, Ministry of Defence.  This draft policy is positioned as Ministry of Defence’s overarching guiding document to give a focused, structured and significant thrust to defence production capabilities of the country for self reliance and exports.  It tries to make India amongst the top countries of the world in Defence sector, including Aerospace and Naval Shipbuilding sectors, from design to production, with active participation of public and private sector.  This policy, inter alia, aims to create an environment that encourages R&D, rewards innovation, creates Indian Intellectual Property ownership and promotes a robust and self-reliant defence industry. DAP 2020 has been given on 30th September. DAP 2020 is a product of extensive analysis, deliberations, interactions and focused formulations.  It aims to further ‘Self Reliance’ of the country in the defence sector by promoting indigenization and bring ‘Ease of Doing Business’ with emphasis on Simplification, Delegation, Reduced Timelines and make the process as friendly Industry.