The government’s ambitious Strategic Partnership (SP) model for promoting Indian private industry participation in defence manufacturing has come into effect on Wednesday.
“The Cabinet took note of this proposal which deals with encouraging ‘Make in India’ in relation to defence equipment,” Defence and Finance Minister Arun Jaitley told the media after the meeting.
He said the SP model, which was part of the Defence Procurement Policy (DPP), was a matter of the Defence Ministry, and added, “Because it is an important issue, the Cabinet took note of it.”
The guidelines of the policy were cleared by the Defence Acquisition Council (DAC) of the Defence Ministry last week and put up for noting by the Cabinet.
Mr. Jaitley said it would be seen how Defence Public Sector Undertakings (DPSU) could be made part of this and what their contribution would be.
