What are the key policies driving the Indian defence ecosystem toward self-reliance in defence production according to Rajnath
Indian defence ecosystem is primarily driven by policies aiming at self-reliance in defence production.
1. Defence Acquisition Procedure (DAP): The DAP prioritizes indigenous procurement, allowing the domestic defence industry to benefit from government contracts.
2. Make in India Initiative: Encourages domestic industries to manufacture defence equipment locally, reducing dependency on imports.
3. Defence Export Promotion Policy: Aims to promote the export of Indian defence products globally, enhancing self-reliance through increased production capabilities.
4. Technology Development Fund (TDF): Supports research and development in defence technologies, fostering innovation and indigenization.
5. Offset Policy: Mandates foreign defence vendors to invest a percentage of the contract value in Indian defence manufacturing, boosting the local industry's capabilities.
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