Why in News ?
During the Parliament session Government provided the details for Indigenous Production of Defence Equipment to boost Indian products.
What are the various initiatives ?
- New category of capital procurement Buy {Indian-IDDM (Indigenously Designed, Developed and Manufactured)} has been introduced.
- It aims to promote indigenous design and development of defence equipment.
- There are specific reservations for MSMEs under the ‘Make’ procedure.
- Atmanirbhar Bharat campaign of Govt of India, Ministry of Defence (MoD)
-
- It prepared a list of 101 items for which there would be an embargo on the import beyond the timeline indicated against them.
- Opportunity to the Indian defence industry to meet the requirements of the Armed Forces in the coming years.
- These includes high technology weapon systems like artillery guns, assault rifles, corvettes, sonar systems, transport aircrafts, light combat helicopters (LCHs), radars
-
- Innovations for Defence Excellence (iDEX) has been launched in April, 2018.
- iDEX is aimed at creation of an ecosystem to foster innovation and technology development in Defence and Aerospace
- A maximum of Rs 1.5 crore funding is available to a participant for development of a prototype.
- iDEX is also aimed at supporting MSMEs, Start-ups, Individual Innovators etc.
- Strategic Partnership (SP) Model in May, 2017, which envisages establishment of long-term strategic partnerships.
- An indigenization portal namely SRIJAN has been launched for DPSUs/OFB/Services with an industry interface to provide development support to MSMEs/Startups/Industry for import substitution.
- MSMEs are partnering in DRDO projects and also DRDO developed technologies are also being transferred to them.
- Defence Offset guidelines have further paved the way for proactive participation of MSME of India.
- Defence Investor Cell has been created to provide all necessary information including addressing queries related to investment opportunities, procedures and regulatory requirements for investment in the sector.
Source : PIB
Topic
GS II : Government policies and interventions for development in various sectors and issues arising out of their design and implementation
Current Affairs Compilation : 21 September 2020