India is presently one of the largest arms and systems importers in Defence.
The MOD is likely to release a comprehensive Defense Production Policy (Drip), on the lines of the DPP to strengthen the country’s Defence Industrial Base (DIB). The DPrP and DPP will give a new impetus to indigenisation in line with our goal of near- self-reliance.
As per the DPP, The Govt. is willing to fund up to 80% of the development costs of some systems.
Also, the draft Long Term Integrated Perspective Plan (LTIPP) up to 2022 is under making.