Don’t miss the latest developments in business and finance.

Def Ministry simplifies military procurement; service HQs to get more financial power

Image
Press Trust of India New Delhi
Last Updated : May 22 2018 | 8:50 PM IST

In a major move, the Defence Ministry today approved a series of measures to simplify procurement of military platforms and weapons for the three services with an aim to speed up their modernisation.

The decision to cut procedural delays in the procurement process was taken at a meeting of the Defence Acquisition Council (DAC) chaired by Defence Minister Nirmala Sitharaman.

"To streamline defence procurement procedures and to reduce timelines so as to ensure timely delivery of equipment to the Armed Forces, the DAC discussed and approved various measures to simplify the defence procurement procedure," the defence ministry said in a statement.

It said the significant changes includes devolution of powers within the ministry and the service headquarters, concurrent running of the acquisition process instead of sequential stage clearance, deletion of repetitive processes and aligning of various documents with revised financial guidelines.

"These measures will go a long way in obviating undue procedural delays and will hasten activities besides shrinking procurement timelines," said the ministry.

The new measures will be incorporated in the latest defence procurement policy.

Also Read

According to official figure, a whopping Rs 4 lakh crore worth of military procurement involving close to 135 proposals were cleared by the government as part of efforts to modernise the armed forces.

But most of them were yet to be implemented due to procedural delays.

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: May 22 2018 | 8:50 PM IST

Next Story