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Publish Date : 23-Jan-2015

The Indian Defense Ministry is expected to propose a defence procurement policy (DPP), preferring acquisition of locally made equipment, within three months. Addressing a seminar 'Gujarat: Preferred Hub for Defence Production' at the Vibrant Gujarat summit, defence minister Manohar Parrikar said India cannot afford to spend $20 billion on defense procurement, and for this, encouraging local production is key and the country will encourage private players in the industry.

He said : "The government hopes to come up with a document in two or three months on a suitable model for defence manufacturing and procurement...We have listed certain items that are not going to be imported from 2016. These will increase later on. But we are coming up with the document in February-March on modified DPP."

In response to Gujarat's interest in having defence equipment production plants, Parrikar said the state has got an "industrial base and a private line also". He added that hence for those planning to invest in defence equipment in Gujarat, it would have double benefit. He noted that this is the way to materialize Prime Minister Narendra Modi's dream of 'Make in India'.

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