Monthly Sector Update | Aerospace & Defence | October 2020
India continues to focus on modernisation to develop its domestic industry. The DAP 2020 was formally released on 28th September 2020, and it lays down some very fundamental changes including the exclusion of offsets from G2G, IGA and single vendor deals. Focus on military materials, aero engines and fab is a new dimension added. There is also talk of streamlining the lengthy trial processes in the procurement cycles.