Defence Production and Export Promotion Policy 2020
MoD releases draft Defence Production and Export Promotion Policy 2020
WHY IN NEWS:
Hot from PIB !
SYLLABUS COVERED: GS 3: Defence
For PRELIMS not so important.
For MAINS you have to go through the detail draft once . This Article is outline map of Defence Production and Export Promotion Policy 2020 . The link for the draft is given in suggested reading below .
DEFENCE PRODUCTION AND EXPORT PROMOTION POLICY 2020
- In order to provide impetus to self-reliance in defence manufacturing, multiple announcements were made under ‘Atmanirbhar Bharat Package’.
- In implementing such framework and to position India amongst the leading countries of the world in defence and aerospace sectors.
- The DPEPP 2020 is envisaged as overarching guiding document of MoD to provide a focused, structured and significant thrust to defence production capabilities of the country for self-reliance and exports.
- From design to production, with active participation of public and private sector and thus fulfilling the twin objectives of self-reliance and exports.
- To achieve a turnover of Rs 1,75,000 Crores (US$ 25Bn) including export of Rs 35,000 Crore (US$ 5 Billion) in Aerospace and Defence goods and services by 2025.
- 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.
- To reduce dependence on imports and take forward “Make in India” initiatives through domestic design and development.
- To promote export of defence products and become part of the global defence value chains.
- To create an environment that encourages R&D, rewards innovation, creates Indian IP ownership and promotes a robust and self-reliant defence industry.
- Procurement Reforms
- Indigenization & Support to MSMEs/Startups
- Optimize Resource Allocation
- Investment Promotion, FDI & Ease of Doing Business
- Innovation and R&D
- DPSUs and OFB
- Quality Assurance & Testing Infrastructure
- Export Promotion
- The draft DPEPP 2020 can be accessed in given link below .
- We suggest you to go through the link at-least once .
- Inputs/comments on the draft DPEPP 2020 is solicited latest by August 17, 2020 to the email id email@example.com.