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defence sector - Shanmugam IAS academy in coimbatore
defence sector

GOVERNMENT STEPS TO BOOST DEFENCE SECTOR

What’s in news?

Raksha Mantri informed Rajya Sabha about the efforts made by Government to boost country’s defence sector during the last two years.

Key data’s:

  • Industrial licensing:Defence Products list requiring Industrial Licences has been rationalised and manufacture of most of the parts and components does not require Industrial Licence.
  • FDI: Foreign Investment is allowed under automatic route upto 49% and above 49% through government route.
  • Defence Procurement Procedure (DPP): A new category of procurement ‘Buy {Indian-IDDM (Indigenously Designed, Developed and Manufactured)}’ has been introduced in DPP-2016 to promote indigenous design and development of defence equipments.
  • “Make” Procedure: In February, 2018 a separate procedure for ‘Make-II’ sub-category has been notified wherein a number of industry friendly provisions have been introduced.
  • Government has notified the ‘Strategic Partnership (SP)’ Model which envisages establishment of long-term strategic partnerships with Indian entities, wherein they would tie up with global Original Equipment Manufacturers (OEMs) to seek technology transfers to set up domestic manufacturing infrastructure and supply chains.
  • iDEX: Innovations for Defence Excellence (iDEX) framework, was launched with the aim to achieve self-reliance and to foster innovation in Defence Sector by engaging Industries including MSMEs, startups, individual innovators, R&D institutes and academia.
  • Defence Corridors: Government has decided to establish two defence industrial corridors in Tamil Nadu and Uttar Pradesh to serve as engines of economic development and growth of defence industrial base in the country.
  • The Ministry has instituted a new framework titled ‘Mission Raksha Gyan Shakti’ which aims to provide boost to the IPR culture in indigenous defence industry.
  • Defence Investor Cell has been created in the Ministry to provide all necessary information including addressing queries related to investment opportunities, procedures and regulatory requirements for investment in the sector. 

Links to note:

https://www.iasipstnpsc.in/defence-deals/

https://economictimes.indiatimes.com/news/defence/defence-sector-planned-to-grow-to-26-billion-by-2025-rajnath-singh-at-et-gbs-2020/videoshow/74529126.cms

https://pib.gov.in/newsite/PrintRelease.aspx?relid=200276

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