NRAI president Raninder Singh said that the report did not blame anybody but gave recommendations to correct the faults which existed in the running of the sport.
Raninder, however, said the federation has reservation on one recommendation, which says the country should not hold any international competitions.
"We accepted the report in toto minus one suggestion that India should not host any international competition. We get funds from the government to conduct national and international events," Raninder told reporters here today.
Besides various recommendations, the review committee also suggested that the NRAI should invest on creating a strong domestic calendar rather than spending money on "needless" international competitions, a view which did not go down well with the national federation.
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Raninder said that as suggested by the review panel, the NRAI will soon hire a High Performance Manager, who will monitor the programme of all the shooters.
Taking the blame for Indian shooters poor show in Rio
squarely on himself, Raninder said from now on their main emphasis will be on conducting quality national camps.
"The review committee, in its report, said that the conduct of national camps should be of world-class standard. And we agree that camps should not only be quantitative but qualitative," he said.
"NRAI is serious about the issue that a shooter has to have 85 per cent attendance in national camps. I don't care how it is essential if you want to represent India."
"At the end of the day, the NRAI has to have professional people in place. They should have the ability to monitor all aspects and that's we have suggested in our report," Bindra said.
"The idea is to have world-class camps. I myself have never attended a national camp because there was hardly and and the quality of the camp was not good enough."
The four-member committee, which had former Asian Games gold-medallist tennis player Manisha Malhotra as convener, has come out with a damning 36-page report reviewing the performance.
From seniors such as Gagan Narang, Manavjit Singh Sandhu and Heena Sidhu to the rising Ayonika Paul, none of the shooters could escape criticism.
"The inflexible attitude of Manavjit Sandhu despite repeated failure in the Olympics is disappointing. It was time to adopt a new approach. Coach Marcello Dradi also stated that actual training with him was negligible, despite Sandhu spending majority of his time in Italy," the report said about veteran Sandhu.