New Delhi: With an aim of making India’s defence production self reliant under the Atmanirbhar Bharat scheme, union defence ministry prepared a draft Defence Production and Export Promotion Policy 2020 (DPEPP-2020). It is open for suggestions from various stakeholders till 17 August 2020 .
Defence Production and Export Promotion Policy 2020 has marked out clear goals and objectives to be undertaken by the Defence Ministry.
First and foremost amongst all is to achieve a turnover of Rs. 1 lakh 75 thousand Crore including an export of Rs. 35 thousand Crore in the Aerospace and Defence goods and services by the year 2025.
Developing a dynamic, robust and competitive Defence industry, including Aerospace and Naval Shipbuilding industry to cater to the needs of Armed forces with quality products has also been clearly laid out in the new draft policy.
Ministry claims that the the DPEPP-2020 is envisaged as overarching guiding document of Defence Ministry to provide a focused, structured and significant thrust to defence production capabilities of the country for self-reliance and exports.