NEW DELHI: The new defence procurement policy, targeted at promoting joint ventures between Indian companies and big foreign original equipment manufacturers (OEMS) and bringing transparency in acquisitions, will roll out on November 1.
This was announced by defence minister A K Antony at a seminar on defence acquisition here. “The current review is primarily focused on two essential areas of promoting and facilitating wide participation of defence industry and enabling transparency and integrity in acquisitions,” he said.
Hoping that the changes will bring in greater degree of probity in procurement, the defence minister said the policy had been reviewed and was ready to be promulgated.
To ensure transparency and awareness in the Indian industry, Mr Antony said the government will prepare a Long-Term Acquisition Plan of the Armed Forces. This will be put on the ministry of defence website and shared with industry associations. “This would help Indian Industry to work out the technological requirements and build in-house capabilities to meet the future defence requirements. I am sure that the industry will respond positively to this proposal,” the minister said.
There would be mandatory issue of Request for Information on the MoD website in all acquisition cases. The ministry will invite representatives of industry in defence acquisition planning for consultations and presentations in high-level procurement meetings before a decision is taken on the source and methodology for procurement of defence weapons and equipment.
The new policy proposes to enhance the role of independent monitors to scrutinise complaints on any violations of Integrity Pact, which prohibits corruption in defence deals. To facilitate discharge of Offset Obligations, an enabling clause has also been incorporated to permit change of offset partners in exceptional cases.
“It is only through competition that we can ensure the maximum value for our money. It is important to have a broad-based and realistic Qualitative Requirements that would lead to multivendor competition,” he said.
This was announced by defence minister A K Antony at a seminar on defence acquisition here. “The current review is primarily focused on two essential areas of promoting and facilitating wide participation of defence industry and enabling transparency and integrity in acquisitions,” he said.
Hoping that the changes will bring in greater degree of probity in procurement, the defence minister said the policy had been reviewed and was ready to be promulgated.
To ensure transparency and awareness in the Indian industry, Mr Antony said the government will prepare a Long-Term Acquisition Plan of the Armed Forces. This will be put on the ministry of defence website and shared with industry associations. “This would help Indian Industry to work out the technological requirements and build in-house capabilities to meet the future defence requirements. I am sure that the industry will respond positively to this proposal,” the minister said.
There would be mandatory issue of Request for Information on the MoD website in all acquisition cases. The ministry will invite representatives of industry in defence acquisition planning for consultations and presentations in high-level procurement meetings before a decision is taken on the source and methodology for procurement of defence weapons and equipment.
The new policy proposes to enhance the role of independent monitors to scrutinise complaints on any violations of Integrity Pact, which prohibits corruption in defence deals. To facilitate discharge of Offset Obligations, an enabling clause has also been incorporated to permit change of offset partners in exceptional cases.
“It is only through competition that we can ensure the maximum value for our money. It is important to have a broad-based and realistic Qualitative Requirements that would lead to multivendor competition,” he said.
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