Draft policy on defence production

The Ministry of Defence has released draft policy on defence production that aims to make India one of the top five manufacturers of defence platforms with active participation of public and private sectors. The ministry has sought comments and suggestions of experts and stakeholders on policy.

Key Objectives:

• Make India self-reliant in defence production as well as fulfil demand of friendly countries.
• Achieve turnover of Rs.1,70,000 crore in military goods and services by 2025 by promoting domestic defence industry.
• Make India one of top five manufacturers of defence platforms with active participation of public and private sectors.
• Achieve export of Rs. 35,000 crore in military equipment and services by 2025 by promoting the domestic defence industry
• Attract additional investment of nearly Rs 70,000 crore and create employment for nearly 2 to 3 million people in the country.