The Indian Ministry of Defence (MoD) is rolling out a new policy to boost the level of indigenous content in defence equipment procured by the Indian Armed Forces.
The guidelines, which stem from a ‘Public Procurement (Preference to Make In India) Order’ issued in 2017, are in line with government objectives to boost local capability and reduce dependency on foreign imports.
A recent notification by the MoD’s Department of Defence Production (DDP) confirmed that under the public procurement order it has fixed an indigenous content level for a range of defence products, with the aim to encourage local industry to build components and subsystems locally.
Want to read more? For analysis on this article and access to all our insight content, please enquire about our subscription options at ihsmarkit.com/janes