India’s Defence Production and Export Promotion Plan draft is not as enticing as suggested
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India has unveiled its draft plan was designed to provide an impetus to self-reliance in defense manufacturing and in line with the announcements made earlier in the year. However, while some of the steps and ideas mentioned there do help with support to manufacturing locally, it leaves much to be desired for global firms to shift to India. Portions that will improve production is controlled list of items banned from import, a minimum of 15% for domestic capital procurement and the corporatization of the Ordnance Factory Boards (OFBs) and the encouragement of investment into specific areas including an aero-engine complex and associated maintenance, repair and overhaul (MRO), aircraft MRO, certain critical technologies and materials manufacture and advantages to the use of the two defense corridors set up in the country.
The post India’s Defence Production and Export Promotion Plan draft is not as enticing as suggested appeared first on Army Technology.
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