"The report is ready and it will be submitted to the Defence Ministry on January 15," Aatre said.
The recommendations, if accepted, will become part of the new Defence Procurement Procedure (DPP) that has been in the works for long.
The Ministry's top decision-making body, Defence Acquisition Council (DAC) is scheduled to meet on January 12 and the main focus would be the new DPP. Sources said the contentious point of blacklisting is set to be discussed on that day.
Defence Minister Manohar Parrikar had said on September 3 that the Aatre Committee, which has experts from banking, chartered accountancy, among other sectors, has been asked to submit a report within three weeks.
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A number of defence deals hinges on the new DPP and its delay will hit the modernisation process. The new DPP was originally expected to come around April in 2015.
One of the major deal hinging on the new policy is the P75-I project of the Indian Navy for building six new conventional submarines.
The draft DPP 2015 report had recommended that for wider 'Make in India', the government should adopt a strategic partnership model, whereby a private firm is chosen for the development of a specific identified platform.
Several Indian players are against this recommendation arguing that the government cannot select only one player for a specific sector.
The six critical segments identified are - aircraft and their major systems, warships of stated displacements, submarines and their major systems, armoured fighting vehicles and their major systems, complex weapons that rely on guidance system, C4ISTR (Command and Control System) and critical materials (special alloys and composites).
"Also, restricting one group to one platform is unprecedented. Globally, every large defence firm has a land, air and naval segment," a source said.
There is also a fear that strategic partnerships will work against the the small and medium-scale industry in the defence sector.
(Reopens DEL40)
Commodore C Uday Bhaskar (Retd), Director, Society for
Policy Studies, said the decision of the government to drastically reduce the disability pension for military personnel injured or grievously wounded in battle, or while on operational assignment is the equivalent of a "surgical strike" on the unsuspecting Indian soldiers.
Till this "draconian slash" in the disability pension, military personnel who were deemed to have sustained hundred per cent disability during combat were entitled to a pension that corresponded to the last pay drawn.
Under the new provisions, a disability slab system has been introduced, which will reduce the disability component from Rs 12,000 to Rs 27,000 per month depending on rank and length of service, Bhaskar added.