ENA Sectors 2023-08-28 17:21:53 <p><span style="font-size:14px"><strong>New Delhi, Aug 28 (KNN)</strong> Indian defence industry delegation consisting of 19-member is visiting London for three days from September 11 to enhance B2B engagements, reported Businessline. </span></p> <p><span style="font-size:14px">They will have working group meeting even as the Central government is still trying to allay British concerns over certain aspects of Defence Acquisition Policy (DAP) 2020.</span></p> <p><span style="font-size:14px"><strong><a href="https://bit.ly/3B9mZSj"><img alt="FOLLOW US on GOOGLE NEWS" src="https://knnindia.co.in//uploads/gallery/GoogleNews.jpg" style="border-style:solid; border-width:1px; height:95px; margin:1px; width:299px" /></a></strong></span></p> <p><span style="font-size:14px">Industry sources aware of the developments told businessline that during the second meeting of UK-India Joint Working Group (JWG), held in March in London, to enhance defence industrial collaboration, some of their companies representatives had flagged DAP issues such as such as on indigenous content under Indian Indigenously Designed Developed and Manufactured (Indian-IDDM), the most preferred category to process defence procurement. </span></p> <p><span style="font-size:14px">Besides that, they also showed reservation over 49 per cent Foreign Direct Investment (FDI) in case of IDDM procurements and Strategic Partnership (SP), supposed to be the route for manufacture of large platforms like aircraft, tanks and submarines. </span></p> <p><span style="font-size:14px">This, they were of the view, was the biggest hindrance to investments by British origin original equipment manufacturers.</span></p> <p><span style="font-size:14px">Similarly, their articulation was also around IP protection and March-in-Rights of government of India. The UK India Business Council (UKIBC) had submitted advocacy paper to Ministry of Defence after the joint working group meeting but a representation from them on the same issue, sought by the government, is still to come despite the next joint working group will be held in London again on September 13. <em><strong>(KNN Bureau)</strong></em></span></p> 34606 https://knnindia.co.in/news/newsdetails/sectors/indian-defence-industry-delegation-to-hold-b2b-talks-with-uk-in-london 2023-08-28 17:21:53 knnindia.co.in