(Defenseworld ) : India’s Defence Acquisition Council (DAC) put it seal on two policies yesterday, a new version of the Defence Procurement Procedure and a new Defence Production Policy. The DAC is set to formally approve the new policies within the next few weeks.
Indian media quoting from the draft policy said "only those weapon systems/platforms will be procured from abroad which cannot be made/developed within the country in specified timeframes to meet critical operational requirements. All such projects will necessarily include transfer of technology, unless exceptions are required for specific reasons, to ensure subsequent generations of the weapon systems are developed indigenously”.
The production policy allows for government funding of new technology projects upto 80% of the cost by domestic private companies.
The approval procedures for development/integration/make of new defence systems indigenously are being 'further simplified', according to the policy.
The production policy says the domestic funding will apply to "strategic and critical technologies" to "reduce vulnerabilities" in case of sanctions and denials.
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