Defense Minister Manohar Parrikar has said that the Government will come up with an industry friendly policy on defense manufacturing and procurement in the next two-three months.

Speaking at a seminar on the sidelines of Vibrant Gujarat Summit in Gandhingar, he said that this move is aimed at promoting local production and to reduce imports in defense sector.

Mr. Parrikar said that 20 billion dollars import bill for defense was not affordable. He said, such a huge import bill has undesirable consequences for the economy, development and unemployment in the country. The Minister said that defense manufacturing will get a major thrust in line with 'Make in India' policy.