News > Def R&D to be opened to private sector

Def R&D to be opened to private sector

Hindustan Times | 09/08/2022 11:11 AM | Click to read full article

In the next meeting of Defence Acquisition Council (DAC), the Narendra Modi government is slated to approve amendments in the Defence Acquisition Procedure (DAP) to allow Indian private sector into defence research and development (R&D) through special purpose vehicles and in collaboration with the defence public sector undertakings (DPSUs).

According to officials aware of the developments, the amendments will allow the Indian private sector to acquire a major stake in Defence R&D companies.