Defence Minister Manohar Parrikar to discuss major manufacturing projects, new policy today
In what could be a big day for the Make in India initiative, the defence ministry could give a go ahead to a key policy change at a high powered meeting chaired by Manohar Parrikar on Friday, besides discussions on taking forward at least two major manufacturing projects for the private sector.
Sources have told ET that a marathon meeting of the defence acquisition committee (DAC) has been planned that could clear the long pending Strategic Partnership (SP) model that will identify partners in the private sector for major military manufacturing projects like submarines, fighter aircraft and ammunition.
The SP model, which was announced in the new defence procurement policy in March, has been stuck for several months with comments and suggestions being taken in from various stakeholders, including industry groups and expert panels.
Officials said that Parrikar's pet project could now get final clearance at the Friday meetings, kick starting the process to identify private sector companies capable of taking large scale manufacturing projects.
In the first phase, projects for manufacturing a new line of submarines, a fighter jet production facility and ammunition procurement from a private sector partner are likely to be finalized. At least two major make in India projects are also likely to be discussed at the meeting.
The future infantry combat vehicle (FICV) and the procurement of four landing platform docks (LPDs) for the Navy are likely to be discussed