22nd April 2021

Confidant Classes

A Premier Judicial Service Coaching

Defence Production and Export Promotion Policy 2020

MoD releases draft Defence Production and Export Promotion Policy 2020:

  • In order to provide impetus to self-reliance in defence manufacturing, multiple announcements were made under ‘Atmanirbhar Bharat Package’. In implementing such framework and to position India amongst the leading countries of the world in defence and aerospace sectors, Ministry of Defence (MoD) has formulated a draft Defence Production and Export Promotion Policy 2020 (DPEPP 2020). The DPEPP 2020 is envisaged as overarching guiding document of MoD to provide a focused, structured and significant thrust to defence production capabilities of the country for self-reliance and exports.

The policy has laid out following goals and objectives

  1. To achieve a turnover of Rs 1,75,000 Crores (US$ 25Bn) including export of Rs 35,000 Crore (US$ 5 Billion) in Aerospace and Defence goods and services by 2025.
  2. To develop a dynamic, robust and competitive Defence industry, including Aerospace and Naval Shipbuilding industry to cater to the needs of Armed forces with quality products.
  3. To reduce dependence on imports and take forward “Make in India” initiatives through domestic design and development.
  4. To promote export of defence products and become part of the global defence value chains.
  5. To create an environment that encourages R&D, rewards innovation, creates Indian IP ownership and promotes a robust and self-reliant defence industry.

The Policy brings out multiple strategies under the following focus areas

  1. Procurement Reforms
  2. Indigenization & Support to MSMEs/Startups
  3. Optimize Resource Allocation
  4. Investment Promotion, FDI & Ease of Doing Business
  5. Innovation and R&D
  6. DPSUs and OFB
  7. Quality Assurance & Testing Infrastructure
  8. Export Promotion
Judiciary FAQ’s Download

Judiciary FAQ’s Download

WWW.CONFIDANTCLASSES.IN-1Download
Read More
Daily NEWS Summary | 20-04-2021

Daily NEWS Summary | 20-04-2021

SC stays the order of Allahabad High Court on the lockdown in the U.P. cities Daily NEWS Summary | 20-04-2021;…
Read More
Daily NEWS Summary | 19-04-2021

Daily NEWS Summary | 19-04-2021

Since May 1, all people over 18 eligible for the Covid-19 vaccination Daily NEWS Summary | 19-04-2021; All people over…
Read More
Daily NEWS Summary |18-04-2021

Daily NEWS Summary |18-04-2021

The railways will run the “Oxygen Express” trains in the coming days Daily NEWS Summary |18-04-2021; As the country faces…
Read More
Daily NEWS Summary | 17-04-2021

Daily NEWS Summary | 17-04-2021

Jharkhand High Court grants bail to Lalu, paving way for his release from prison Daily NEWS Summary | 17-04-2021; Rashtriya…
Read More
Daily NEWS Summary | 16-04-2021

Daily NEWS Summary | 16-04-2021

According to a Lancet study, Covid-19 is mainly spread in the air. Daily NEWS Summary | 16-04-2021; There is consistent…
Read More
Daily NEWS Summary | 15-04-2021

Daily NEWS Summary | 15-04-2021

Covid Updates Daily NEWS Summary |15-04-2021; The number of coronavirus cases reported in India was 1,42,63,074 at the time of…
Read More
Daily NEWS Summary |14-04-2021

Daily NEWS Summary |14-04-2021

CBSE Postpones Class 12 Exams, Cancels Class 10 Exams Due to Rise in COVID-19 Cases Daily NEWS Summary |14-04-2021; Due…
Read More
Daily NEWS Summary | 13-04-2021

Daily NEWS Summary | 13-04-2021

Government Accelerates Approval of More Foreign-Produced Vaccines Daily NEWS Summary | 13-04-2021; In a major change in vaccine approval policy,…
Read More
Daily NEWS Summary | 12-04-2021

Daily NEWS Summary | 12-04-2021

Expert Group Recommends Approval of Sputnik V Vaccine for Emergency Use in India Daily NEWS Summary | 12-04-2021; Russian Covid-19…
Read More
Daily NEWS Summary | 11-04-2021

Daily NEWS Summary | 11-04-2021

Amid lockdown talks, migrant movements increase on Indore’s Mumbai-Agra highway Daily NEWS Summary | 11-04-2021; A sharp rise in COVID-19…
Read More
error

Enjoy this? Please spread the word :)