While showing a keen interest in taking the ‘Make in India’ initiative further with Indian defence firms, the Russian defence industry has asked the Indian government to put in place some kind of a ratification mechanism (that is actually not a guarantee but some kind of official government backing) for its engagements with the private defence companies of India.
The Defence Procurement Procedure 2016 was hailed as the panacea for defence procurement all ills that ail the procurement system.
Manohar Parrikar demonstrated urgency in arms purchases, but failed to take measures to synergise combat capabilities During his tenure as India’s Defence Minister, Manohar Parrikar came across as a sincere and perceptive leader and an accomplished manager. He gave a free hand to the Army to engage proactively on the LoC. He got the Prime […]
Manohar Parrikar’s 27-month tenure as defence minister has been eventful with several achievements under his belt, including the new Defence Procurement Policy (DPP)
Last year the budget was Rs.2.58 Lakh crores of which Rs.88,000 crores was for Capital expenditure. In the last four years Rs.35,000 crores capital expenditure has not been utilized and there is a 10% lapse every year.
Union Defence Minister Manmohar Parrikar told the Upper House of the Parliament on November 22 that in order to meet the immediate requirement of Bullet Proof Jackets (BPJs), an order for supply of 50,000 BPJs, through revenue expenditure route, has been placed on 31.3.2016, against which the first consignment of 5000 BPJs has been delivered on 15.10.2016. The Defence […]