Tuesday, 4 August 2020

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04 August 2020 Current Affairs:Ministry of Defence (MoD) has prepared a draft Defence Production and Export Promotion Policy 2020 (DPEPP 2020) to provide impetus to self-reliance in defence manufacturing. The policy will be in line with the ‘Atmanirbhar Bharat Package’. The implementation of the policy & framework will position India amongst the leading countries of the world in defence and aerospace sectors

Defence Production and Export Promotion Policy 2020:
♦ The DPEPP 2020 aims to provide a focused, structured and significant thrust to defence production capabilities of the country for self-reliance and exports.
The main objective of the DPEPP policy is to achieve a turnover of Rs 1,75,000 Crores (US$ 25 billion). It includes export of Rs.35,000 Crore (US$ 5 billion) in Aerospace and Defence goods and services by 2025.
♦ The policy will develop a robust, dynamic, and competitive Defence industry including the Aerospace & Naval Shipbuilding industry to provide service to the needs of Armed forces with quality products.
♦ Under the policy, the dependence on imports will be reduced “Make in India” initiatives will be implemented through domestic design and development.
♦ The policy also aims to promote the export of defence products and become part of the global defence value chains.
♦ The main aim of the DPEPP policy is to create an environment that encourages Research &Development, creates Indian IP ownership, rewards innovation, and promotes a robust and self-reliant defence industry.
♦ The Policy will bring out multiple strategies in the following areas namely:

  • Indigenization & Support to MSMEs/Startups
  • Procurement Reforms
  • Optimize Resource Allocation
  • Investment Promotion, FDI & Ease of Doing Business
  • Defence Public Sector Undertakings (DPSUs) and Ordnance Factory Board (OFB)
  • Quality Assurance & Testing Infrastructure
  • Export Promotion
  • Innovation and R&D

source https://naukri.sarkari-exam.in/defence-ministry-released-draft-2020-defence-production-and-export-promotion-policy/
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