A high-level panel mandated to recommend changes in the way India buys defence weapons and equipment will submit its report by this month end, Defence Minister Manohar Parrikar today said.
"The committee has given me today a rough draft of its report. They will submit the final report by this month-end," Parrikar said here.
The Ministry will work out a revised Defence Procurement Procedure after going through the report, he added.
The 10-member committee has representatives from the Ministry as well as the industry.
There are around 12 areas which the committee will go through, some of which pertain to exports, level playing field, agents and black listing policy.
The Defence Procurement Procedure (DPP) was first drafted in 1992 and reviewed in 2002. It was then revised in 2003, 2005, 2006, 2008, 2011 and 2013.
Parrikar has earlier said that the new version will be shorter and simpler, besides being in line with the government's 'Make in India' initiative.
The minister said he has decided to go for the jugular and "completely change" the concept of defence procurement.
