What is new in the India's New Defence Procurement Policy?

It is believed that the new revised defence policy of India will help the domestic companies and industries. The policy help Indian companies, firms and industries to have joint ventures with foreign companies. India is the big importer of arms and the policy too help in developing concept of 'Buy and Make'.

The new defence policy is effective from the 1st November. It is big push to the Indian firms, companies and industries in the defence market. It can be considered as protection measure for the domestic companies.

There are mixed reactions over the new defence police in India. On the business side, its is one of the best move the help the industries. But the main question rises -whether India is going to be successful implementing the concept of ' Buy and Make'. Certainly, the new policy is encouraging India industries and it allows companies to access the vast defence market in the world.