Policy Reforms – Defence Production

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