Manufacturing of Defence Equipment
The proportion of expenditure in respect of payments to foreign vendors to the total expenditure on defence equipment for Capital Acquisitio...
https://iskablogs.blogspot.com/2014/07/manufacturing-of-defence-equipment.html
The proportion of expenditure in respect of payments to foreign vendors to the total expenditure on defence equipment for Capital Acquisition during the financial year 2013-14 is 42.7% for three services.
With a view to achieve greater self-reliance in defence production, Government has announced a Defence Production Policy in January, 2011. Additionally, the Defence Procurement Procedure-2013, lays emphasis on providing the desired boost to the Indigenous Defence Industry by mandating a higher preference to the `Buy (Indian)’, `Buy and Make (Indian)` and `Make` categorisations in Capital Procurement.
The Government has taken several steps to promote participation of private sector in defence production. These measures, interalia, include promulgation of Defence Production Policy; opening up of the Defence Industry Sector since May 2001 with upto 100% participation for Indian Private Sector and FDI permissible upto 26%.
With a view to achieve greater self-reliance in defence production, Government has announced a Defence Production Policy in January, 2011. Additionally, the Defence Procurement Procedure-2013, lays emphasis on providing the desired boost to the Indigenous Defence Industry by mandating a higher preference to the `Buy (Indian)’, `Buy and Make (Indian)` and `Make` categorisations in Capital Procurement.
The Government has taken several steps to promote participation of private sector in defence production. These measures, interalia, include promulgation of Defence Production Policy; opening up of the Defence Industry Sector since May 2001 with upto 100% participation for Indian Private Sector and FDI permissible upto 26%.
