Supreme Court Explains: Debt Becoming Financial & Operational Debt  ||  P&H HC: Model Code of Conduct Can’t Stand in Way of Execution of Judicial Order  ||  Chh. HC: Can’t Build Matrimonial Home With Bricks & Stones, Love & Respect Between Spouses Required  ||  Ker. HC: Fitting of Sensors in Buses Used as Stage Carriages Can’t be Insisted by Registration Author  ||  Kar. HC: Can’t Consider Party’s Declaration, Promise of Policies as Corrupt Practise under RP Act  ||  Bom. HC: Public Sector Banks Not Empowered to Issue Look Out Circulars Against Loan Defaulters  ||  Mad. HC: Child Needs Safe & Caring Environment While Growing up, Corporal Punishment Not a Solution  ||  Mad. HC: 2020 Amendment to Public Premises (Eviction of Unauthorised Occupants) Act, Struck Down  ||  Del. HC: Persons Not Accused of Deceiving Others Should Handle Haj Pilgrims  ||  Del. HC: Centre Directed to Decide Plea to Recruit Women Through CDS, Within Eight Weeks    

New Defence Production Policy- (Press Information Bureau) (06 Aug 2018)

MANU/PIBU/1210/2018

Civil

In the Budget Speech 2018, Government has announced that it will bring out an industry friendly Defence Production Policy 2018 to promote domestic production by public sector, private sector and micro, small and medium enterprises (MSMEs). Consequent to this, a draft Defence Production Policy 2018 has been prepared which provides a focused, structured and significant thrust to development of defence design and production capabilities in the country. The draft policy has been shared with all concerned stakeholders for their views before notification.

The salient features of the Draft Policy which is already placed in public domain for consultation with stakeholders is as follows:

Creation of a dynamic, robust and competitive defence and aerospace industry as an important part of the 'Make in India' initiative.

Creation of a tiered defence industrial ecosystem in the country.

Reducing current dependence on imports and strive to achieve self-reliance in development and manufacture of weapon systems / platforms.

The Policy mandates for Transfer of Technology or enhanced Foreign Direct Investment (FDI) for domestic production in the event of non-availability of manufacturing capabilities in the country.

The policy envisages that Ordnance Factory Board (OFB) should focus on system integration, design and development, and actively engage domestic vendors in the private sector for other assembly work.

Tags : DEFENCE   PRODUCTION POLICY  

Share :        

Disclaimer | Copyright 2024 - All Rights Reserved