New Delhi:
The government will roll out a new defence procurement policy (DPP) Nov 1 in a bid to promote the Indian defence industry and bring transparency in acquisitions, Defence Minister A K Antony said Tuesday.
The reviewed DPP would also aim to promote joint ventures between foreign original equipment manufacturers (OEMs) and Indian companies.
"We are ready to promulgate DPP-2009 with effect from Nov 1," Antony said at a seminar on defence acquisition.
Under the DPP 2009:
The reviewed DPP would also aim to promote joint ventures between foreign original equipment manufacturers (OEMs) and Indian companies.
"We are ready to promulgate DPP-2009 with effect from Nov 1," Antony said at a seminar on defence acquisition.
Under the DPP 2009:
- Broad contours of the 15-year armed forces acquisition plan will be made public
- Requests for Information (RFIs) on all acquisitions will be displayed on the Defence Ministry's website
- The role of independent monitors will be increaded to ensure probity in defence deals
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