The Draft Defence Production and Export Promotion Policy (DPEPP 2020) will make India Atmanirbhar (self-reliance) in defence manufacturing thereby positioning India amongst the leading countries of the world in defence and aerospace sectors.
The Ministry of Defence (MoD) has formulated a Draft DPEPP 2020 which aims to achieve manufacturing turnover of US $25 billion (including exports of US $5 billion) in aerospace and defence goods and services by 2025.
The DPEPP 2020 is envisaged as an 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.
The draft policy aims to develop a dynamic, robust and competitive defence industry, including aerospace and naval shipbuilding industry catering to the needs of Armed forces with quality products. It will also reduce dependence on imports and take forward “Make in India” initiatives through domestic design and development.
The policy will promote export of defence products and become part of the global defence value chains and also create an environment that encourages R&D, rewards innovation, creates Indian IP ownership and promotes a robust and self-reliant defence industry.
The Policy brings out multiple strategies under the following focus areas: Procurement reforms; Indigenisation & support to SMEs/Startups; Optimise resource allocation; Investment promotion, FDI & ease of doing business; Innovation and R&D; DPSUs and OFB; Quality assurance & testing infrastructure; and export promotion.