top of page

LATEST NEWS UPDATE

Democracy broke down in India, V-Dem Annual Democracy Report 2021

Democracy broke down in India, V-Dem Annual Democracy Report 2021

The UK agreed to send millions of pounds recovered from corrupt officials back to Nigeria

The UK agreed to send millions of pounds recovered from corrupt officials back to Nigeria

President Biden statement on the Introduction of the Violence Against Women Reauthorization Act of 2021

President Biden statement on the Introduction of the Violence Against Women Reauthorization Act of 2021

Indian Railway announced new helpline number-139 to assist passengers during travel

Indian Railway announced new helpline number-139 to assist passengers during travel

Draft Defence Production and Export Promotion Policy 2020

August 12, 2020 at 10:28:37 AM

PIB

To position India amongst the leading countries of the world in defence and aerospace sectors, Ministry of Defence (MoD) has formulated a draft Defence Production and Export Promotion Policy 2020 (DPEPP 2020).

In order to provide impetus to self-reliance in defence manufacturing, multiple announcements were made under ‘Atmanirbhar Bharat Package’


The DPEPP 2020 is envisaged as overarching guiding document of MoD to provide a focused, structured and significant thrust to defence production capabilities of the country for self-reliance and exports.


The policy has laid out the following goals and objectives:

  1. 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.

  2. 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.

  3. To reduce dependence on imports and take forward "Make in India" initiatives through domestic design and development.

  4. To promote the export of defence products and become part of the global defence value chains.

  5. To create an environment that encourages R&D rewards innovation creates Indian IP ownership and promotes a robust and self-reliant defence industry.

The Policy brings out multiple strategies under the following focus areas:

  1. Procurement Reforms

  2. Indigenization & Support to MSMEs/Startups

  3. Optimize Resource Allocation

  4. Investment Promotion, FDI & Ease of Doing Business

  5. Innovation and R&D

  6. DPSUs and OFB

  7. Quality Assurance & Testing Infrastructure

  8. Export Promotion


DEFENCE

Greetings on the opening of the 4th Chersonese International Opera and Ballet Festival

August 12, 2020 at 11:24:41 AM

RUSSIA

Foreign Direct Investment in Commercial Coal Mining in India

August 12, 2020 at 10:36:33 AM

PIB

Draft Defence Production and Export Promotion Policy 2020

August 12, 2020 at 10:28:37 AM

PIB

DCGI approves Phase II+III trials of Oxford University vaccine by Serum Institute, Pune

August 12, 2020 at 9:59:44 AM

PIB

BHARAT AIR FIBER, a last-mile telecom connectivity solution based on Radio Network

August 12, 2020 at 9:35:33 AM

PIB

Minister Nitin Gadkari approves a New Scheme to Make India Aatmanirbhar in Agarbatti Production

August 12, 2020 at 9:09:58 AM

PIB

Four more States/UTs linked with One Nation One Ration Card scheme today

August 12, 2020 at 8:07:52 AM

PIB

Government working with RBI on Industry’s need for loan restructuring

August 9, 2020 at 2:15:34 PM

PIB

Union Education Minister calls on the Vice President and hands over the New Education Policy

August 8, 2020 at 2:16:51 PM

PIB

New Supreme Court building inaugurated by PM Modi and PM of Mauritius Mr Pravind Jugnauth

August 8, 2020 at 2:11:48 PM

PIB

bottom of page