India is one of the largest armed and systems importers in Defense.
The MOD is likely to release a comprehensive Defense Production Policy (Drip), on the lines of the DPP that to strengthen the country’s Defence Industrial Base (DIB). The DPrP and DPP will give a new impetus to indigenization in line with our goal of near- self-reliance.
As per the DPP, The Govt. is willing to fund up to 80% of the development costs of some systems.
Also, the draft Long Term Integrated Perspective Plan (LTIPP) up to 2022 is under making.
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