Policy Reforms – Defence Production
• FDI limit in the defence manufacturing under automatic route will be raised from 49% to 74%
• Time-bound defence procurement process and faster decision making will be ushered in by:
• Setting up of a Project Management Unit (PMU) to support contract management;
• Realistic setting of General Staff Qualitative Requirements (GSQRs) of weapons/platforms;
• Overhauling Trial and Testing procedures
PIB