"Aimed at expediting decision making, simplification of contractual and financial provisions and to establish a level playing field for the Indian defence industry, both public sector and private sector
" -- the preamble to India's new Defence Procurement Procedure 2011
(.pdf) released today.
A significant development: the scope for offsets in defence procurements has been widened to include civil aerospace and internal security. In civil aerospace, this includes aircraft and helicopters, airframes, aero engines, aircraft components, avionics, aircraft design and engineering services, aircraft material, technical publications, flying training institutions and technical training institutions. In internal security, the ambit of defence offsets will now include weapons and services for counter-terrorism.
Labels: DEFENCE PROCUREMENTS, Government-Policy-Politics, Indigenous Equipment