‘There Is A Need For Identifying Capability Voids'
Businessworld|August 18, 2018

PM Modi recently announced the establishment of two defence corridors and set an ambitious defence export target of Rs 35,000 crore by 2025. The Ministry of Defence (MoD) is gearing up to address the challenges and fine tune the policies that provide impetus to defence production in India. Manish Kumar Jha caught up with Ajay Kumar, Secretary, Department of Defence Production, MoD to an overview on the new initiatives at DDP.

- Manish Kumar Jha
‘There Is A Need For Identifying Capability Voids'

The Draft Defence Production (DDP) Policy 2018 envisions India as one of the world’s top 5 defence producers by 2025. It also sets a defence export target of Rs 35,000 crore ($5 billion) by 2025. How realistic is the vision?

The value of production from OFB (Ordnance Factories Board) and DPSUs (Defence Public Sector Undertakings) put together is currently approximately Rs 55,000 crore ($8 billion). Nearly 65 per cent of the parts/components/subsystems have been delicensed and as a rough estimate, approximately $3 billion worth of defence items are being manufactured in the private sector. Thus, presently defence production would stand at around $11 billion.

This policy envisages adding another $14 billion worth of production in seven years, which translates to CAGR of 15 per cent approximately. With the opening up of the sector and the thrust being given to the private sector, DDP believes that these numbers are attainable.

The DDP policy is expected to spur private investments in defence sector. Elaborate measures have also been proposed for export promotion. The targets are kept on the higher side as moderate ‘incrementalism’ will not have the desired effect.

The announcement of two Defence Industrial Corridors presupposes a robust ecosystem of defence manufacturing by Indian and foreign OEMs. Can you apprise us of the development? How much does the government plan to invest?

この蚘事は Businessworld の August 18, 2018 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

この蚘事は Businessworld の August 18, 2018 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

BUSINESSWORLDのその他の蚘事すべお衚瀺
MEMORIES & IMPRESSIONS
BW Businessworld

MEMORIES & IMPRESSIONS

Ratan Tata was an exceptional human being. He was a visionary leader, esteemed industrialist, and a humanitarian, who left an indelible mark on India and the world.

time-read
3 分  |
October 19, 2024
The Robotaxi Market
BW Businessworld

The Robotaxi Market

The robotaxi market is shaping up to be a high-stakes battleground as tech giants and automakers race to transform urban mobility.

time-read
1 min  |
October 19, 2024
And the Nobel Prize Goes to AI
BW Businessworld

And the Nobel Prize Goes to AI

The recent Nobel Prize T awards to AI pioneers affiliated with Google have sparked a broader conversation about Big Tech's influence on research and the limitations of traditional prize categories.

time-read
1 min  |
October 19, 2024
Ola Electrified
BW Businessworld

Ola Electrified

Once considered a trailblazer in India’s electric vehicle (EV) ecosystem, Bhavish Aggarwal’s Ola Electric now faces a major accountability crisis.

time-read
1 min  |
October 19, 2024
Sharp Slide in Industrial Output on Eve of Deepavali
BW Businessworld

Sharp Slide in Industrial Output on Eve of Deepavali

India’s index of industrial production (IIP) saw a sharp reversal in August, contracting by 0.1 per cent, in stark contrast to the 4.7 per cent growth in July, mostly because of significant contractions in mining and electricity generation.

time-read
1 min  |
October 19, 2024
Heralding the Solar Era with Sustainable Electrification
BW Businessworld

Heralding the Solar Era with Sustainable Electrification

RAJEEV KASHYAP on the economics of solar power, the hurdles in scaling it, and much more

time-read
2 分  |
October 19, 2024
A WELL-GREASED MACHINE
BW Businessworld

A WELL-GREASED MACHINE

The OmniBook X14 laptop runs on first-generation Snapdragon X Elite, which bets big on Al-enabled productivity and battery life, but falls short when it comes to overall experience, says Deep Majumdar

time-read
4 分  |
October 19, 2024
DO NOT LETA HEALTH CRISIS RUIN YOUR FINANCIAL HEALTH
BW Businessworld

DO NOT LETA HEALTH CRISIS RUIN YOUR FINANCIAL HEALTH

For a family of four living in a metro, it is recommended to opt for a family floater health insurance plan with a sum insured of at least Rs 15-20 lakh

time-read
7 分  |
October 19, 2024
Disruption Ahead: Beyond Organisation Charts and Structures
BW Businessworld

Disruption Ahead: Beyond Organisation Charts and Structures

ALBERT EINSTEIN FAMOUSLY said, “We cannot solve our problems with the same thinking we used when we created them.

time-read
3 分  |
October 19, 2024
Dr. Rahul Shivajirao Kadam: A Visionary Leader Blending Sustainability, Innovation, And Social Empowerment
BW Businessworld

Dr. Rahul Shivajirao Kadam: A Visionary Leader Blending Sustainability, Innovation, And Social Empowerment

We are on the stage of global warming, and these technologies not only help prevent further damage but also leave behind a better environment for future generations.

time-read
2 分  |
October 19, 2024