Imports to be last resort, new defence policy to push Make in India

09-Aug-2015 #MakeInIndia Source: Business Standard

The modified Defence Procurement Procedure (DPP) is expected to be finalised by the end of August which is will reflect the government’s decision to import equipment only when it is impossible to make it in India. The DPP is also likely to initiate the process for a Technology Development Fund (TDF), with initial capital of $15.6 million to provide financial support to the public and private sector for development of defence equipment and systems that enhance cutting-edge technology.

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