India is developing a new defence production policy in an effort to boost indigenous manufacturing of military equipment.

Indian Defence Minister AK Antony said the policy involved encouraging the public and private sectors to indigenously manufacture defence equipment.

A total of 144 industrial licenses and letters of intent have been issued to local companies for the manufacture of several military systems, he said.

The minister said the policy would also cover the modernisation programme of the Ordnance Factory board and defence public sector projects to enhance their performance and efficiency.

In addition, the new policy will recommend that DRDO partner with a public or private firm for the development of defence systems and avoid further delays.