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 story : Big push for selfreliance in defence production #FinanceIndia #StockMarketNEWS Big push for self-reliance in defence production New Delhi, Jul 19 (KNN) To promote indigenisation and self-reliance

@stockMarketNEWS 17 Days ago

Posted in: #FinanceIndia #StockMarketNEWS

Big push for selfreliance in defence production #FinanceIndia #StockMarketNEWS
Big push for self-reliance in defence production New Delhi, Jul 19 (KNN) To promote indigenisation and self-reliance in defence manufacturing, the Government has taken several policy initiatives and brought in reforms under AatmaNirbhar Bharat Mission in the defence sector, Raksha Rajya Mantri Ajay Bhatt stated in Rajya Sabha on Monday.

Ministry of Defence has notified a ‘First Positive Indigenisation list’ of 101 items on 21st August, 2020 and ‘2nd Positive Indigenisation list’ of 108 items on 31st May 2021 for which there would be an embargo on the import beyond the timelines indicated against them. This is a big step to promote indigenisation in the defence sector.

This offers a great opportunity for the Indian defence industry to manufacture these items using their own design and development capabilities to meet the requirements of the Indian Armed Forces. These lists include some high technology weapon systems like artillery guns, assault rifles, corvettes, sonar systems, transport aircraft, light combat helicopters (LCHs), radars, wheeled armoured platforms, rockets, bombs, armoured command post vehicle, armoured dozor and many other items to fulfil the needs of our Defence Services.

SRIJAN portal to promote indigenisation was launched on 14 August 2020. As on date, 10,929 items, which were earlier imported, have been displayed on the portal for indigenisation. The Indian industry has shown interest for 2,890 displayed items so far. DPSUs/OFB are interacting with these industries to facilitate indigenisation of the items as per extant procedures.

1,776 components & spares have been indigenised in the year 2020-21 as a result of efforts of indigenisation by DPSUs, OFB & SHQs through their own process of indigenisation (In-house, Make-II & Other than Make-II).

DPP-2016 has been revised as Defence Acquisition Procedure (DAP)-2020, which is driven by the tenets of Defence Reforms announced as part of ‘AatmaNirbhar Bharat Abhiyan’.

In order to promote indigenous design and development of defence equipment ‘Buy {Indian-IDDM (Indigenously Designed, Developed and Manufactured)}’ category has been accorded topmost priority for procurement of capital equipment.

The ‘Make’ Procedure of capital procurement has been simplified. There is a provision for funding up to 70% of development cost by the Government to Indian industry under Make-I category. In addition, there are specific reservations for MSMEs under the ‘Make’ procedure.

Procedure for ‘Make-II’ category (Industry funded), introduced in DPP-2016 to encourage indigenous development and manufacture of defence equipment has a number of industry-friendly provisions such as relaxation of eligibility criterion, minimal documentation, provision for considering proposals suggested by industry/individual etc.


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