While defence public sector units have been making efforts to increase their marketing footprint, they will have to succeed in a highly competitive export market.
The complexity and interconnection of global supply chains has heightened the realisation of the need for supply chain resilience and self-reliance in production.
In the Union Budget 2023–24, the estimated allocations for the Ministry of Defence (MoD) are Rs 5,93,537.64 crores, an increase of 13 per cent over BE 2022–23 (Rs 5,25,166.15 crores).
Given that the Department of Expenditure will henceforth be the nodal department for issuing procurement related instructions in future, the Ministry of Defence must institute a system to promptly incorporate them in the MoD procurement manuals.
The success of the co-development-cum-production push in Defence Acquisition Procedure 2020 would depend on the commercial viability of the co-developed product, apart from overcoming a host of conceptual and procedural challenges.
Defence Public Sector Units and Exports
While defence public sector units have been making efforts to increase their marketing footprint, they will have to succeed in a highly competitive export market.