Focus on Indigenisation - India as a defence manufacturing hub
Indian Government is focussed on indigenous manufacturing of critical defence equipment and technologies within India as it aims to reduce its defence budget by 50 percent within a decade through indigenisation. This need has resulted in the introduction of ‘Make in India’ program, various reforms in the procurement policy, as well as amendments in the offsets policy to focus on and promote indigenous manufacturing and transfer of technology and skills.
The ministry of defence has set an objective to achieve US $5 Billion of defence exports by 2025.
A spate of initiatives and reforms have been introduced and initiated in India to make India a new destination for defence manufacturing and exports.