AIAI Welcomes Defence Procurement Policy

AIAI Welcomes Defence Procurement Policy

The Defence Procurement Policy announced by the Defence Minister Mr. Manohar Parrikar is keeping in line with supporting Indian  manufacturing, promoting joint ventures, technology transfers and fulfilling the vision Making India in Defence sector said Mr. Vijay Kalantri, President All India Association of Industries (AIAI).

AIAI hopes that the policy announced will be implemented in letter and  in spirit. It is needless to mention that  the Indigenously Designed, Developed and Manufactured (IDDM)  category under this policy will certainly  boost the Country’s  MSME and manufacturing sector as defence is one of the biggest buyers of military equipment accounting for nearly 15% of India’s imports.

AIAI further appreciates that Defence Research and Development Organisation (DRDO) will also make an enabling support to the companies interested in the defence sector.