Brigadier Bhupesh Kumar Jain

CAPITAL ACQUISITIONS (CONTD)‣ ACQUISITIONS COVERED UNDER THE ‘BUY & MAKE(INDIAN)’ DECISION. ACQUISITIONS COVEREDUNDER THE ‘BUY & MAKE (INDIAN)’ DECISIONWOULD MEAN PURCHASE FROM AN INDIANVENDOR INCLUDING AN INDIAN COMPANY FORMINGJOINT VENTURE / ESTABLISHING PRODUCTIONARRANGEMENT WITH OEM FOLLOWED BYLICENSED PRODUCTION / INDIGENOUSMANUFACTURE IN THE COUNTRY. ‘BUY & MAKE(INDIAN)’ MUST HAVE MINIMUM 50 %INDIGENOUS CONTENT ON COST BASIS.‣ ACQUISITIONS COVERED UNDER THE ‘MAKE’DECISION. ACQUISITIONS COVERED UNDER THE‘MAKE’ DECISION WOULD INCLUDE HIGHTECHNOLOGY COMPLEX SYSTEMS TO BEDESIGNED, DEVELOPED AND PRODUCEDINDIGENOUSLY.