ndia’s
defence ministry finalised a new procurement policy under which Indian
public and private sector will be given first priority for military
procurements and will help in plugging loopholes that allow corruption.
Major changes in the Defence Procurement Procedure (DPP) were approved by the Defence Acquisition Council (DAC), the apex decision-making body of the Ministry
The government would make all efforts to create genuine level-playing field for Indian manufacturing industries.
The new policy changes will also end the virtual monopoly of the public sector undertakings (PSUs) and ordnance factories in the defence sector as they will not be automatically nominated for maintenance and repair of systems procured from abroad, as private firms will be allowed to take part in these contracts
The financial powers of the Services chiefs and the chief of the Coast Guard have been enhanced from Rs. 50 crore to Rs. 150 crore for capital acquisition cases.
Major changes in the Defence Procurement Procedure (DPP) were approved by the Defence Acquisition Council (DAC), the apex decision-making body of the Ministry
The government would make all efforts to create genuine level-playing field for Indian manufacturing industries.
The new policy changes will also end the virtual monopoly of the public sector undertakings (PSUs) and ordnance factories in the defence sector as they will not be automatically nominated for maintenance and repair of systems procured from abroad, as private firms will be allowed to take part in these contracts
The financial powers of the Services chiefs and the chief of the Coast Guard have been enhanced from Rs. 50 crore to Rs. 150 crore for capital acquisition cases.
No comments:
Post a Comment