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Photo Courtesy- www.dnaindia.com
Photo Courtesy- www.dnaindia.com

Defence Procurement Policy: Key Focus on Make-in-India, MSMEs to play pivotal role

India’s new policy on defence procurement aims to involve industries like private sector bodies, MSMEs and it focuses on hiring professionals to draft tenders as well as keeping ‘Make in India’ as the focal point.

  • The Ministry of Defence is preparing the policy which is going to be released at the end of this month. But the draft version of the policy reveals to emphasize on MSMEs and other sectors. Some changes that have been made include introducing a preamble which will act as a ‘guide’ to all decision making, new procurement categories will simultaneously prioritize local equipment as well as lastly, constant interaction and involvement of the industry.
  • Manohar Parrikar, Defence Minister said that it is very crucial to ensure that the ‘Make In India’ concept remains the talking point in the defence acquisition policy. The new policy makes it clear that industries might be involved from the feasibility stage itself when it comes to buying major weapons and the services must provide details such as preliminary service quality requirements.
  • The new policy has borrowed quite significantly from the last edition of the Defence Procurement Policy announced in 2013 but no doubt the policy has made some important changes keeping in mind the Make In India initiative and included products from Indian Designed, Developed and Manufactured (IDDM).

(Source: ET)

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