The Defence Acquisition Council (DAC), chaired by Defence Minister Nirmala Sitharaman, on July 30, 2018, approved the Implementation Guidelines for the ‘Strategic Partnership Model’ to ensure timely delivery of equipment to all the Armed Forces.
1. The Strategic Partnership Model aims to revitalize Defence Industrial Ecosystem and progressively build indigenous capabilities in the private sector to design, develop and manufacture complex weapon systems for the Armed Forces.
2. This will encourage self-reliance and align the defense sector with the ‘Make in India ‘ initiative of the Government.
3. It will enhance competition, increase efficiencies, facilitate faster and more significant absorption of technology, create a tiered industrial ecosystem and ensure the development of a wider skill base.
4. The guidelines lay emphasis on incentivization of transfer of technology and Global Majors, who in collaboration with Indian Partners are ready to make India a regional and global manufacturing hub.