"Ordnance Factories and vendors may cooperate in a symbiotic fashion. The idea is to have higher indigenisation of content in the existing 'Buy (Indian)' and 'Buy and Make (Indian)' schemes," Ordinance Factory Board Deputy Director General Atul Gupta said at the MSME Conclave 2017 organised by the CII.
The new Defence Procurement Procedures have set the tone for a fresh procurement regime to boost the 'Make in India' initiative in the defence sector, he said.
"Ranging from tanks to uniforms, Ordnance Factories produce more than 600 products for Indian armed forces. All varieties of raw materials, finished and semi-finished components, assemblies, sub-assemblies, packing material very well suited to MSMEs are being procured by Ordnance Factories," he said.
According to Gupta, the horizon of the MSMEs was broadening due to the policy favouring the purchase of regional designed, developed and manufactured products and speeding up the process of procurement with a pronounced stress on self-reliance in defence production.
"Defence industry is in a dynamic and evolving mode. Archaic processes and trappings of unnecessary regulations are being abandoned. The hallmark of the concept of 'Make in India' is public-private partnership," said Gupta.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.