Defence Minister Manohar Parrikar unveiled the much-awaited Defence Procurement Procedure, saying it will ensure transparency and speed in acquisition process and boost the ‘Make in India’ initiative to reduce dependence on exports.
“The Defence Procurement Procedure (DPP) can push the agenda of’Make in India’ and India’s target of achieving defence industry network,” Parrikar said at the inauguration of four-day Defence Expo in Betul-Naqueri village, about 50 kms from Panaji.
Make in India:
Make in India is an initiative lauched by the Government of India to encourage multi-national, as well as national companies to manufacture their products in India. It was launched by Prime Minister Narendra Modi on 25 September 2014. India would emerge, after initiation of the programme in 2015, as the top destination globally for foreign direct investment, surpassing the United States of America as well as China.
The major objective behind the initiative is to focus on job creation and skill enhancement in 25 sectors of the economy. The initiative also aims at high quality standards and minimising the impact on the environment.The initiative hopes to attract capital and technological investment in India.
- The new policy has introduced an Indian Designed, Developed and Manufactured (IDDM) category which will benefit the local units.
- Railways Minister Suresh Prabhu, AYUSH Minister Shripad Naik, Minister of State for Defence Rao Inderjit Singh and Goa Chief Minister Laxmikant Parsekar were present at the function.
- Defence Procurement Procedure (DPP)
So lets do:
- Who is the Defence minister of India?
- Where is DefExpo 2016 held?
- In which year Make In India initiative lauched?
Source – The Hindu