DEFENCE STOCKS

Ministry Of Defence Begins Comprehensive Review of Defence Acquisition Procedure 2020 to Boost Indigenous Defence Push

🛡️ Strategic Reform: Review launched as part of the 'Year of Reforms' to align DAP 2020 with national goals.

🇮🇳 Self-Reliance Focus: Aims to promote Aatmanirbharta through indigenous tech infusion and systems development.

🏭 Make in India Push: Supports JV facilitation, tech transfers, FDI alignment, and OEM participation in defence manufacturing.

 Innovation Friendly: Encourages R&D in both public and private sectors with support for startups and tech infusion.

 Streamlining Efforts: Stakeholders invited to suggest procedural improvements including AI adoption and Fast Track procurement.