Ikigai LawIkigai LawIkigai LawIkigai Law
  • About Us
    • About
    • Our Team
    • FinTales
    • Tech Ticker
    • TechRX
  • Practice Areas
  • Blogs
  • News & Events
    • Ikigai Law in the news
    • Ikigai Law at events
    • Ikigailaw on the social media
  • Careers

Key takeaways for start-ups and MSMEs from the draft Defence Production Policy, 2018

    Home Other Areas Key takeaways for start-ups and MSMEs from the draft Defence Production Policy, 2018
    NextPrevious

    Key takeaways for start-ups and MSMEs from the draft Defence Production Policy, 2018

    By Ikigai Law | Other Areas | 0 comment | 3 April, 2018 | 6

    This article highlights key takeaways for startups and micro, small and medium enterprises (MSMEs) from the Draft Defence Production Policy, 2018 (available here.), published by the Ministry of Defence, Government of India.

    (Note: the paragraph numbers in the parentheses below refer to those in the Draft Defence Production Policy, 2018)

    1. Turnover and prior experience requirements for entry into the defense production sector will be done away with as long as technical and functional requirements are met. (¶ 5.1.1)
    2. Competency mapping, data collection, guidance and provision of information regarding new opportunities will be done through a portal developed on the Department of Defence Production website. (¶ 5.2)
    3. The Defence Investor Cell will provide MSMEs and other investors with guidance and assistance to resolve issues with central, state and other authorities. (¶ 5.3)
    4. A liberalized licensing process will be instituted where the current list of items requiring a license will be reviewed and be replaced with a smaller list. (¶ 6.1)
    5. Defense corridors will be set up to organise supply chains of MSMEs and Original Equipment Manufacturers (OEMs) with testing, certification, technology transfer and export facilities. (¶ 14.1.1)
    6. The testing systems of defense organisations will be opened up to private industries. New testing facilities will also be set up. Additionally, 75% assistance to set up common testing facilities may be provided. (¶ 14.2)
    7. Challenges and hackathons will be organised on specific problem areas by the Department of Defence Production and the DRDO, and INR 1000 crore will be allocated for this. (¶ 19.2)
    8. Defense Innovation Hubs will be set up throughout the country under the Innovation for Defence Excellence (iDeX) scheme and private venture capital will be encouraged for startups. (¶ 19.3)
    9. Appropriate policies will be designed to capitalize on new technologies and the Government will have the right of the first offer on the same. (¶ 19.4)
    10. An Intellectual Property Cell will be set up to provide legal and technical assistance. (¶ 19.5)
    11. Intellectual property involving national security, defense, and aerospace-related technologies will be prioritized during registration. (¶ 19.6)
    12. Awards and recognition will be instituted for well-performing private industry and startups. (¶ 22.4)
    13. Regular outreach programmes will be conducted by established stakeholders to make MSMEs aware of potential opportunities and challenges. (¶ 22.9)

    [This post is authored by Sushma S. Babu, a fourth-year undergraduate student of HNLU, Raipur, under the supervision of Nehaa Chaudhari (Public Policy Lead, TRA) during her internship with TRA].

    Aerospace, Defence, Defence Corridors, Defence Innovation Hubs, Defence Production, Drones, Government of India, Ikigai Law, Innovation, Innovation for Defence Excellence, Intellectual Property, Licensing, Ministry of Defence, MSMEs, National Security, OEMs, policy, Production, Stakeholders, Startups, Testing Facilities, UAVs.

    Ikigai Law

    More posts by Ikigai Law

    Related Post

    • Comments to the draft Defence Policy, 2018

      By Ikigai Law | 0 comment

      The Department of Defence Production under the Ministry of Defence, Government of India, had published the draft Defence Production Policy, 2018 (draft policy) on 22nd March, 2018. The draft policy is available here. Our detailedRead more

    • Clause-wise mapping of the JPC’s recommendations on India’ data protection law

      By Ikigai Law | 0 comment

      A detailed clause-wise analysis of the Parliamentary committee’s report on India’s data protection law. On 16 December 2021, the Joint Parliamentary Committee on the Personal Data Protection Bill, 2019 tabled its report in Parliament. TheRead more

    • Clause by Clause Redline: 2018 and 2019 Personal Data Protection Bills

      By Ikigai Law | 0 comment

      The Indian government’s endeavour to regulate the collection and use of personal data dates back to 2012 when the A.P. Shah led committee released its report on privacy[1]. Seven years hence, the much awaited PersonalRead more

    • Draft Personal Data Protection Bill, 2018: what are the practical concerns?

      By Ikigai Law | 0 comment

      The draft Personal Data Protection Bill, 2018 (“Bill”) raises many concerns for businesses – start-ups and established companies alike. Companies will be required to revamp several of their operational practices once the Bill becomes anRead more

    • Key takeaways from the ‘National strategy for Artificial Intelligence’: #AIforall

      By Ikigai Law | 0 comment

      Pursuant to the mandate from the Finance Minister of India in his budget speech for 2018-19 to establish the National Program on Artificial Intelligence (“AI”), the NITI Aayog published a discussion paper on a “NationalRead more

    Leave a Comment

    Cancel reply

    Your email address will not be published. Required fields are marked *

    NextPrevious

    Tags

    #DataProtection #Fintales AI bitcoin Blockchain Budget Consent Consultation Consultation Paper cryptocurrency data Data Controllers data governance Data localisation Data Protection Data Subjects digital economy Digital Lending Drones E-Commerce Facebook Fintech Government healthtech Ikigai Law India Indian government Innovation MeITY Notice Payments Personal Data policy Privacy RBI Recommendation Regulation Srikrishna Committee Stakeholders Startups Surveillance Technology Tech Policy TechTicker TRAI

    Connect with Ikigai Law

    Copyright 2018 Ikigai Law | All Rights Reserved             

    Information

    • Practice Areas
    • Blogs
    • Careers
    • Contact Us
    • Privacy Policy

    Contact us

    Office
    Ikigai Law
    D-295, Lower Ground Floor, Defence Colony, New Delhi-110024.
    Telephone- 011- 41005597

    Email Address

    contact@ikigailaw.com

    • About Us
      • About
      • Our Team
      • FinTales
      • Tech Ticker
      • TechRX
    • Practice Areas
    • Blogs
    • News & Events
      • Ikigai Law in the news
      • Ikigai Law at events
      • Ikigailaw on the social media
    • Careers
    Ikigai Law