A new procurement policy that will implement ‘drastic steps’ to decrease India’s dependence on imported defense platforms, all naval vessels procurement for the Indian Navy in the future will mandate shipbuilders to build the vessels in India.
Part of these contracts will be open to private shipbuilders, allowing the private sector to compete with public sector shipyards for defense contracts. According to Defense Minister A K Antony, almost 70 per cent of India’s defense equipment is currently imported.
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