Finally in 2022, one of our homegrown startups solved this problem and created the IP specializing in defense apparel.
Now consider, how were we intending to defend ourselves in the most volatile geopolitical landscape while depending on imports to meet our most basic needs?
Now consider, how were we intending to defend ourselves in the most volatile geopolitical landscape while depending on imports to meet our most basic needs?
Estimates suggest that India was importing approx 70% of its defense equipment & tech requirements from the Rest of the World in 2012
— which left India vulnerable & exposed the nation to supply chain disruption from time to time.
— which left India vulnerable & exposed the nation to supply chain disruption from time to time.
This is the reason why we decided a decade ago that we would double-down on the production of indigenous (domestically produced) equipment to become AtmaNirbhar in order to achieve strategic independence in the defense sector.
The Ministry of Defense (MoD) aims to reach a
The Ministry of Defense (MoD) aims to reach a
This will foster the conducive ecosystem for defense manufacturing, attract investments, and promote exports in the defense sector.
2⃣ Defense Acquisition Procedure (DAP)- 2020
DAP was renamed & revamped in 2020 from DPP- Defense Procurement Procedure to empower the Indian defense industry through Make in India initiative by laying down the strict order of preferences for procurement.
DAP was renamed & revamped in 2020 from DPP- Defense Procurement Procedure to empower the Indian defense industry through Make in India initiative by laying down the strict order of preferences for procurement.
3⃣ Strategic Partnership (SP) Model
The SP Model aims to enhance the indigenous defense manufacturing of assets like submarines, fighter aircraft and helicopters by encouraging the participation of private sector co.s like Tata Group, L&T, Mahindra and Bharat Forge
The SP Model aims to enhance the indigenous defense manufacturing of assets like submarines, fighter aircraft and helicopters by encouraging the participation of private sector co.s like Tata Group, L&T, Mahindra and Bharat Forge
— to compliment the already existing Defense Public Sector Undertakings (DPSUs) like Hindustan Aeronautics Ltd and Bharat Electronics Ltd.
See the participation of the private sector in defense production, requires government approval via an industrial licensing procedure.
See the participation of the private sector in defense production, requires government approval via an industrial licensing procedure.
5⃣ Launch of Innovations for Defense Excellence (iDEX)
Launched in April 2018, this scheme aims to foster innovation & tech development in defense & Aerospace by engaging industries including
Launched in April 2018, this scheme aims to foster innovation & tech development in defense & Aerospace by engaging industries including
6⃣ Defense Offset Policy
This Policy requires foreign co.s that sell military equipment to India to invest some of the money they earn, back into India's Defense & Aerospace Industries.
This is helping our country to improve our ability to produce military equipment & tech.
This Policy requires foreign co.s that sell military equipment to India to invest some of the money they earn, back into India's Defense & Aerospace Industries.
This is helping our country to improve our ability to produce military equipment & tech.
By doing this, we’re aiming to become less reliant on other countries for our defense needs, boost our own defense manufacturing, and even sell our military equipment to other friendly nations.
7⃣ FDI Policy
The story doesn’t end here. To promote exports, 74% FDI through Automatic Route and 100% FDI through Govt Route has been liberalized as well.
This step has been taken to attract foreign co.s to set up their manufacturing units and tech transfer agreements.
The story doesn’t end here. To promote exports, 74% FDI through Automatic Route and 100% FDI through Govt Route has been liberalized as well.
This step has been taken to attract foreign co.s to set up their manufacturing units and tech transfer agreements.
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