Defence ministry out with new draft procurement policy

The Defence Ministry on Friday released a draft of its new procurement policy, which, for the first time, allows for lease of defence equipment, pushes for more indigenous content and brings in after-sales support under the contract of capital acquisition.

The draft Defence Procurement Procedure (DPP) 2020 aims to increase indigenous manufacturing and expedite procurement of defence equipment.

Unveiling the draft, Defence Minister Rajnath Singh said, “Our aim is to make India self-reliant and a global manufacturing hub. The government is constantly striving to formulate policies to empower the private industry including MSMEs in order to develop the eco-system for indigenous defence production.”