The defence ministry released, in successive weeks, the drafts of a new Defence Acquisition Policy (DAP-2020) and a new Defence Production and Export Promotion Policy (DPEPP-2020). The two are together intended to promote the design, development, and manufacture of home-grown weapons platforms to boost the indigenous content of all weaponry the military uses and defence exports to provide business for domestic defence producers.
The DPEPP-2020 targets the production of Rs 1.75 trillion ($25 billion) in aerospace and defence goods and services by 2025. Of that, Rs 35,000 crore ($5 billion) ...
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