Business Standard

Weaponry development subsidy scrapped: Indian firms won't 'Make' anymore

Under 'Make 2', defence firms will bear their own cost

Defence Minister addresses the press at BJP headquarters.
Premium

Defence Minister addresses the press at BJP headquarters. Photo: PTI

Ajai Shukla New Delhi
The “Make” procedure, in which Indian defence firms design “high technology, complex systems”, with the defence ministry reimbursing their costs, has been officially declared dead. 

At a press conference on Tuesday, ironically convened by Defence Minister Nirmala Sitharaman to highlight the achievements of her ministry, it was revealed that development projects being processed under the “Make” category would be moved to another category — “Make 2” — in which defence firms bear their own costs.

Affected immediately is the long-delayed project to develop a Future Infantry Combat Vehicle (FICV), which has already been tendered twice in 2010 and 2015. With

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in