India spends a significant amount of resources on its national defence. Efficiency in utilisation of resources is not only an economic imperative but vital for defence preparedness. In view of this the Defence Economic and Industry Centre was created in 2006 to promote research on various economic aspects of India's defence. Since its inception, the Centre has undertaken a number of policy relevant studies besides constantly engaging vital stakeholders (Ministry of Defence, Armed forces and Industry) on a range of issues. In this brief period, the Centre has organised over 10 events, including a major international seminar on Defence Acquisition in July 2011. Presently the Centre is preparing a Detailed Project Report (DPR) for the Ministry of Defence for setting up a Defence Acquisition Institute in India.
Major Focus Areas of the Centre includes:
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