Search Result for : Defence Procurement

Sharath Chowdary Indigenisation in the defence sector is picking pace just as various other government initiatives have been doing, Defence Minister Manohar Parrikar said on Saturday. He was speaking to the media after laying the foundation stone of Tata Boeing Aerospace Ltd (TBAL) new facility in Hyderabad. As the government is focused on clearing regulatory issues on priority, indigenisation would gather momentum by the end of next year, he said. Mentioning the bureaucratic processes that have been causing a delay in getting Foreign Direct Investment (FDI) in the defence sector, Parrikar said, “FDI in the defence sector will take more time. The central government is trying to fast-track the process of defence procurement to drive indigenisation and to attract FDI in this ...

Defence Procurement Procedure (DPP) 2016, which is under final stages of completion, to bring in effective measures to promote indigenization in defence The Dollar Business Bureau Defence Ministry is also coming up with a futuristic defence offset policy, which is in the draft stage   To bring down reliance on imports in the defence sector, Ministry of Defence is coming up with a new Defence Procurement Procedure (DPP) 2016, which is currently being finalised. An official information in this regard was given by the Defence Minister Manohar Parrikar in Lok Sabha on Friday. The new DPP will bring into effect measures to promote indigenization and self-reliance in defence. Enabling provisions for utilization and consolidation of Design, Development and Manufacturing infrastructure available in the country are ...

The Defence Procurement Procedure 2016 is likely to be issued soon with "path-breaking and game-changing" reforms, focusing on indigenisation, Make in India, growth of MSMEs, skill development, job creation and technology adoption. Source: PTI Defence Procurement Policy aims to cut down the process and time required to realise state-of-art defence equipment   The Defence Procurement Procedure 2016, which is expected to be promulgated soon, aims at making India self-reliant in defence equipment, a senior defence official said here on Tuesday. "The Make in India initiative by government of India is envisaged to develop skills and reduce dependency on foreign OEMs (original equipment manufacturers) in various areas of manufacturing, including electronic systems. A step in this direction is the much-expected promulgation of Defence Procurement Procedure ...

Source: PTI Defence Acquisition Council would meet either in the last week of December of the first week of January to finalise the DPP which will focus on 'Make in India'   Seeking to make defence acquisition process simpler and transparent, Indian government on Monday launched a new 'Make in India' website that will provide an interface with industry and promised to finalise the new revised defence procurement procedure by January. Stating that it is an "uphill" task to change mindset, Defence Minister Manohar Parrikar on Monday rued that "process" had become more important than the goal itself and asserted that the government is in the process of creating a level playing field with more transparency. "The last 10 years have ...

The Dollar Business Bureau In a move to encourage indigenous defence production, India in the last one year, exported defence items to 22 countries including the United States, the UK, Israel and Russia. Major exports from India included shipping forging equipment, electronic assemblies and flight control panels to the US; transmitting tubes to the UK ; MIG and Sukhoi 30 aircraft spares and services to Russia; Cheetal helicopters to Afghanistan; Dhruv helicopters and bulletproof jackets to Nepal; and Sukhoi 30 avionics and MIG spares to Malaysia. The total defence export was valued at Rs.669.88 crore in 2014-15, while the figure was Rs.686.27cr a year ago. The country’s defence export increased to Rs.446.75 cr in 2012-13 from Rs.512.48 crore in 2011-12 and ...

The Dollar Business Bureau Government of India has cleared defence proposals worth over Rs 30,000 crore at a meeting of the Defence Acquisition Council (DAC) chaired by the Defence Minister Manohar Parrikar, in New Delhi on Tuesday. The deals also include purchasing of 428 guns under ‘buy and make’ category, which is likely to cost an exchequer Rs 16,900 crore and is being viewed as a major priority for the Indian Army. For this purpose, the government is keen towards the local companies and was also said to have sought representations from the local makers. However, only two Indian companies Punj Llyod and Bharat Forge were said to have responded to the army request for information on the procurement plan. Besides, ...

 The Dollar Business Bureau The Union Defence Minister, Manohar Parrikar, on Monday, informed his Ministry’s efforts and initiatives being taken towards improving the performance of Ordnance Factory Board (OFB). The Consultative Committee consisting of the Members of Parliament were discussing the role of the OFB, one of the oldest and largest production organisations of the Ministry of Defence. Informing the members, the Union Defence Minister said, “OFB is undergoing a paradigm shift from that of a manufacturer of defence equipment to a Complete Solution Provider.” The OFB’s new role will encompass design, development, bulk production and lifecycle sustenance equipment, the Minister said. The OFB would be made into a lead integrator of major platforms and will undergo a transformation into becoming ...