The Indian Defence Acquisition Council (DAC) has approved the implementation guidelines for the Strategic Partnership Model.
The Strategic Partnership Model has been designed to boost the defence industrial ecosystem of the country while developing indigenous capabilities in the private sector in order to design, develop and build complex weapon systems for the future requirements of the forces.
The implementation guidelines focuses on incentivisation of transfer of technology and higher indigenous content Global Majors, who in collaboration with Indian partners, intend to transform the country as a regional / global manufacturing hub for the platform.
The approval will help support the DAC’s efforts to strengthen indigenous defence industry and reduce timelines that would ensure the on-time delivery of equipment to the Indian Armed Forces.
In addition, the DAC has approved platform specific guidelines for procurement of naval utility helicopters.
This will help the government support self-reliance and align the defence sector with the ‘Make in India’ initiative of the country.
All procurements under the Strategic Partnership Model will be carried out by specially constituted Empowered Project Committees (EPC) in order to ensure timely execution.
In addition to these, the acquisition council has accorded approval for the acquisition of eight Fast Patrol Vessels (FPVs) for the Indian Coast Guard at an approximate cost of Rs8bn ($116.54m).
Furthermore, the Indian Government is also taking measures for the modernisation of the Armed Forces, through the acquisition of new equipment and modernisation of existing ones, under the approved Capital Acquisition Plans and in terms of the extant Defence Procurement Procedure (DPP).