The Indian Ministry of defence (MoD) has set up a task force to choose domestic private companies for ‘Make In India’ defense procurement projects.
Former DRDO chief VK Aatre has been mandated to frame selection criteria for strategic partners, who will receive defense projects like aircraft manufacturing, warship production and complex weapon systems under ‘make in India’ initiative.
In couple of weeks, the meeting of the first task force will be held and details regarding timeline will be discussed, the Economic Times reported today.
The task force includes members from industry, armed forces, defense ministry, banking sector, credit rating agency, specialized consultancy and public sector units. Further it is expected to submit details soon for incorporation into defense policy that the ministry is planning.
However, either one or two contestants will be selected for about six types of projects, including aircraft, warships, armoured fighting vehicles complex missile systems, command and control networks as well as critical materials.
The Indian defense ministry will be clearing projects for defense offsets that could cross $35 billion by the end of this year. “A majority of projects cleared by the Defense Acquisition Council over the past year will be manufactured in India by foreign companies in partnership with Indian firms
India is likely to commit 10 Mi-17 V5 helicopters for VVIP duty from its recent decision to order 48 more choppers from Russia. The 10 choppers will be configured for VVIP flights with changes to the interiors, communication and defensive systems
India is commissioning five air strips next month to counter Chinas aggressive infrastructure expansion on its eastern front. The advanced landing grounds, capable of landing all types of transport and military aircraft, are developed in Arunachal Pradesh, various media reported today
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