Army spells out four kinds of equipment it wants to be made by domestic manufacturers
The bulk of this will go towards purchasing the first fixed wing aircraft that Hindustan Aeronautics (HAL) has designed and developed in decades
The new policy backtracks significantly from the draft DPrP 2018, which aimed at catapulting India into the world's top five defence producers
The draft DAP-2020 retains the first draft's emphasis on promoting higher indigenous content in equipment manufactured in India, including under licence from foreign vendors
FM Nirmala Sitharaman had announced a series of measures to boost investments in India's defence and aerospace sector last week as part of the tranche 4 of the Rs 20 trillion economic stimulus
Infrastructure, skilling, access to funds - these fundamentals need to be fixed first for India to achieve its aerospace targets
He urged the private sector to increase its participation in defence manufacturing to realise the government's vision of making India a $5 trillion economy by 2024
With defence budget stagnating and government agencies lagging in building weapon systems, India needs the private sector to fill up the production vacuum
Defence production targeted to reach $26 billion annually by 2025
The Defence Procurement Procedure 2016 (DPP) is due for revision. Officials said the panel will recommend measures to remove procedural bottlenecks and hasten defence acquisition
Although Defence Production Policy-2018 aims to indigenize key weapon systems by 2025, Kumar accepted that arms import will continue, albeit on a reduced scale