Private sector now a strategic partner to boost weapon production in India
Indian Defence News: Defence Acquisition Council Finalises Broad Contours of Policy to Engage Indian Private Sector in Manufacture of High-Tech Defence Equipment in India
NEW DELHI: In a historical move, the Defence Acquisition Council (DAC) under the Chairmanship of the Minister of Defence, Shri Arun Jaitley, has finalised the broad contours of a policy aimed at involving the Indian private sector in the manufacture of high-tech defence equipment within India. This is certainly a step towards developing an Industrial ecosystem in defence sector which will not only boost Modi Government’s “Make in India” campaign but also help in retaining a lot of foreign exchange which goes out in buying the equipment from western countries. The policy is aimed at the involvement of both the major Indian corporates as well as the MSME sector.
The Army has been given the green signal to go ahead with the implementation of a long-term strategy to induct three squadrons (39 choppers) of attack helicopters for its three “strike” corps, among other modernization proposals, said sources. The policy has been designed with the help of Industry leaders and extensive stakeholder consultation which will now go to the Cabinet Committee on Security for final approval after the “smaller details” are worked out, is a clear message to the DRDO and its 50 labs, five defence PSUs, four shipyards, and the 41 factories under the Ordnance Factory Board (OFB) that they have largely failed to deliver the goods over the decades.
Indian industry partners would tie up with global Original Equipment Manufacturer(OEM) to seek technology transfers and manufacturing know-how to set up domestic manufacturing infrastructure and supply chains and follow the transparent and competitive process to capitalise successfully.