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Higher FDI can be considered in defence: Def Min

By Niranjan Mudholkar,

Added 29 March 2016

Defence Procurement Procedure-2016 (DPP-2016) has been uploaded on the website of Ministry of Defence

The new procurement policy being promulgated by DPP-2016 will ensure faster pace in procurement especially through newly introduced categories under Indigenously Designed, Developed and Manufactured (IDDM) provisions. Such provisions will encourage Indian Industry in Defence Sector, he added. He acknowledged the contributions of the Small and Medium Scale Industries in Defence Sector, quoting that many innovative ideas have come from these sectors.

47 countries from different continents are taking part in the exhibition against 30 countries which participated in Defexpo 2014. In comparison to Defexpo 2014 where 624 companies participated; over 1000 companies, both foreign and Indian, are taking part this year. The net exhibition area sold during this edition is 40,725 square meters against 27,515 Square Meters in 2014.
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