Mr. Tribhuvan Darbari Says DPEPP 2020 Will Provide Impetus to Self-Reliance in Defence Manufacturing
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07/27/2020Mr. Tribhuvan Darbari Lauds The ‘Defence Production and Promotion Policy 2020’
08/05/2020According to a press release issued by the Government of India, Ministry of Defence (MoD) has formulated a draft Defence Production and Export Promotion Policy 2020 (DPEPP 2020). Mr. Tribhuvan Darbari said that the Defence Production and Export Promotion Policy 2020 will provide impetus to self-reliance in defense manufacturing. Mr. Tribhuvan Darbari, MD & CEO- Texmaco (Adventz Group) further added that The external dependence on weapons, spares and ammunition puts India at risk during military crises. In addition to that access to advanced technology is a major concern in the case of imported arms. Self-reliance in defense manufacturing is a crucial component of effective defence capability and to maintain national sovereignty and achieve military superiority. Therefore, the Defence Production and Export Promotion Policy 2020 (DPEPP 2020) issued by the Government of India is in the right direction which will not only boost self-reliance in defense manufacturing but will also promote ‘Make in India‘ and ‘Aatmnirbhar Bharat‘ movement.
According to the Press Release, Defence Production and Export Promotion Policy 2020 (DPEPP 2020) brings out multiple strategies under the following focus areas:
- Procurement Reforms
- Indigenization & Support to MSMEs/Startups
- Optimize Resource Allocation
- Investment Promotion, FDI & Ease of Doing Business
- Innovation and R&D
- DPSUs and OFB
- Quality Assurance & Testing Infrastructure
- Export Promotion
Mr. Tribhuvan Darbari agrees with the statement of the government (Statement source: Zee News website), “To make India among the leading countries of the world in the defence sector, including Aerospace and Naval Shipbuilding sectors, from design to production, with the active participation of public and private sector and thus fulfilling the twin objectives of self-reliance and exports, Ministry of Defence (MoD) has formulated a draft Defence Production and Export Promotion Policy 2020 (DPEPP 2020)”
Read the complete details of the policy: Press Release- Defence Production and Export Promotion Policy 2020 (DPEPP 2020)
