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    Polity & Governance
  • Published
    5th Aug, 2020
  • The Ministry of Defence has formulated a draft Defence Production and Export Promotion Policy 2020 (DPEPP 2020).
  • Goals & Objective:
    • Its goal is 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.
    • 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.
    • To reduce dependence on imports and take forward “Make in India” initiatives through domestic design and development.
    • To promote the export of defence products and become part of the global defence value chains.
    • To create an environment that encourages R&D, rewards innovation, creates Indian IP ownership and promotes a robust and self-reliant defence industry.
  • This will provide impetus to self-reliance in defence manufacturing.

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