Government made changes to the defence procurement procedures to boost

1.	Government made changes to the defence procurement procedures to boost Make in India. In this Department of defence production will fund private R&D. 1. Mandatory 40% domestic content for a domestic design or a mandatory local content of 60% if design is not Indian. 2.Change in the Offset policy, the bar is raised from 300cr to 2000cr. 3. A new category indigenously designed, developed and manufactured category. Which of the statements given above are correct?
Answer» Government made changes to the defence procurement procedures to boost Make in India. In this Department of defence production will fund private R&D. 1. Mandatory 40% domestic content for a domestic design or a mandatory local content of 60% if design is not Indian. 2.Change in the Offset policy, the bar is raised from 300cr to 2000cr. 3. A new category indigenously designed, developed and manufactured category. Which of the statements given above are correct?

Government made changes to the defence procurement procedures to boost Make in India. In this Department of defence production will fund private R&D. 1. Mandatory 40% domestic content for a domestic design or a mandatory local content of 60% if design is not Indian. 2.Change in the Offset policy, the bar is raised from 300cr to 2000cr. 3. A new category indigenously designed, developed and manufactured category. Which of the statements given above are correct?

Answer»

Government made changes to the defence procurement procedures to boost Make in India. In this Department of defence production will fund private R&D.

1. Mandatory 40% domestic content for a domestic design or a mandatory local content of 60% if design is not Indian.

2.Change in the Offset policy, the bar is raised from 300cr to 2000cr.

3. A new category indigenously designed, developed and manufactured category.

Which of the statements given above are correct?