Apply For FDI

ENQUIRY


Fraud Warning Disclaimer : FDI India warns you against certain individuals that might falsely present themselves as our affiliate agents, representatives, or employees. Under this false pretence, they might try to gain access to your personal information or to acquire money as Consultation fee or any other form or other valuables from you by offering fictitious employment opportunities or by claiming that they are contacting you on our behalf. Don’t fall prey into the fraudulent misrepresentation. Such fraudulent claims and offers are received generally via email, text message, phone, or internet, etc.

FDI India would like to bring to your notice that our authorized official Email IDs are enquiry@fdi.finance, info@fdi.finance, india@fdi.finance, and Contact Numbers 1800 891 1610 and 8882033433. FDI India shall not be liable for any claims, damage, or loss of any kind inflicted by any other unauthorized entity. Be very mindful of such scams.
Legal : We own all the information, images, text, logo, and other content provided by us. The use of information is strictly prohibited without our consent. We hold the right to take a legal action against any individual or organization violating or using our site information.
Become A Partner Apply For FDI
Fdi India news

Upcoming 74?I in Defence Coming Soon

    31 July , 2020         Fdiindia

Upcoming 74?I in Defence Coming Soon

In the coming few days, the government will be introducing 74?I in the dense sector according to V.L. Kantha Rao, Additional Secretary, Department of Defence Production.

Recently the second draft of the Defence Procurement Procedure (DPP) 2020 which is now called the  Defence Acquisition Procedure (DAP) 2020 was made public to get the comments from stakeholders and the public. 

Mr. Rao while speaking at Lockheed Martin-Society of Indian Defence Manufacturers suppliers conference said, "We will try and do at least 900 items this year and we have a target of 5,000 items in five years" for targeting to indigenize spares and sub-assemblies of imported military hardware.

The government has been taking steps in order to highly promote domestic defense manufacturing. The measures taken by the government for the promotion are making the FDI in the sector up to 74% from 49% and negative import list, separate budgetary allocation for domestic procurements, indigenization of spares and components.

Mr. Rao said "Government companies did $100mn exports last year; the private sector 10 times, over a $1 billion, last year,”

Analysis of the share in the defense manufacturing tells that the major stake is of the public sector of $8 billion whereas the private sector only has $2 billion.

The major defense companies such as Lockheed Martin, Boeing, Thales, and Dassault Aviation are eager to source their components for their global supply chains from India. 

The Defence Ministry has released a statement regarding the first draft of DPP 2020 on which suggestions were received from various stakeholders, services, industry running above 10,000 pages. 

The statement states "The amended second draft has since been finalized by the review committee driven by tenets of defense reforms announced as part of the 'Atmanirbhar Bharat Abhiyan" and has been placed in the public domain."