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India approves new Defence Procurement Manual to boost local defense manufacturing and innovation.
India's Defence Minister Rajnath Singh has approved the new Defence Procurement Manual (DPM) 2025, aimed at streamlining and rationalizing the defence procurement process.
The manual seeks to boost participation from private companies, MSMEs, and startups, with provisions to lower entry barriers.
Key reforms include flexible development contracts, assured orders, and decentralization of financial powers.
The manual also promotes innovation and collaboration with academia, aligning with India's self-reliance initiative in defence manufacturing.
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India aprueba el nuevo Manual de Adquisición de Defensa para impulsar la fabricación y la innovación de defensa local.