As per information received from respective state Government viz Uttar Pradesh and Tamil Nadu, the total land acquired so far is 1,182 hectares and 1,537 hectares for Uttar Pradesh and Tamil Nadu Defence Industrial Corridors respectively. Following are the policy initiatives taken by the Government to increase the investment opportunities in Defence Manufacturing sector:-
Defence Procurement Procedure (DPP) has been revised in 2016 wherein specific provisions have been introduced for stimulating growth of the domestic defence industry.
Government has notified the ‘Strategic Partnership (SP)’ Model which envisages establishment of long-term strategic partnerships with Indian entities through a transparent and competitive process, wherein they would tie up with global Original Equipment Manufacturers (OEMs) to seek technology transfers to set up domestic manufacturing infrastructure and supply chains.
‘Buy < Make (Indian)’ category of procurement under DPP-2016 provides for initial procurement of equipment in Fully Formed (FF) state in quantities as considered necessary from an Indian vendor engaged in a tie-up with a foreign OEM, followed by indigenous production in a phased manner involving Transfer of Technology (ToT) of critical technologies.
‘Buy
