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Defence - Coggle Diagram
Defence
Policies/Steps by govt to achieve self sufficiency in defence sector
Defense Acquisition Procedure 2020
Offset clause
Intro
Initiated in 2005
Requirements
Sourcing 30% of value of contract domestically
Indigenous production in a strict time frame
Training Indian professionals in high-tech skills for promoting domestic R&D
Aim - To make defense sector self sufficient and not dependent on imports
to provide additional benefits to the buyer of a product from a foreign supplier
Dilutions 2020
Provisions
offset clause will
not applicable to bilateral deals and deals with a single seller
Impacts
Self reliant goal of India will largely be affected
Advantage
Cost advantage
Significance
Access to modern technology
Part of contract value will be invested in India - develop skills, bring in technology and generate employment
Boost to R&D in indigenous defence industry
gives us powerful instrument of bargaining to acquire scarce advanced technology
to upgrade domestic production
Features
opened North and South DEfence Industrial Corridors to promote setting of industries supporting defence equipments
allowed acceptance of suo moto proposals from u=industry to undertake indigenous design and dev for items
formulated idex- Innov in defence excellence- framework to provide and ecosystem for startups/ind/msme to engage with M of Defence/academia
Technology dev fund