news details |
|
|
| Defence procurement policies under review: Antony | | | New Delhi | Feb 16
The policies and procedures governing defence procurement and offset are currently undergoing a review to make them more transparent and user-friendly, Defence Minister A K Antony said on Saturday.
"We have been fine-tuning and improving the defence procurement procedure based on periodical reviews," he said inaugurating the 5th International Land and Naval Systems Exhibition (Defexpo India-2008) here.
"The current procurement procedure is also under review to make it more transparent and user-friendly," Antony said.
Observing that the government was the only purchaser of defence goods in India, the minister said it was imperative that particular requirements, administrative procedures and defence policies should impact on production decisions taken by private companies.
"For our defence industry to expand and to be able to meet critical technological requirements of armed forces, there is need for far greater synergy between private players and the government," Antony said.
Regarding the defence offset policy, the minister said it was "at a nascent stage and still evolving".
Deliberations were going on with regard to some important issues like banking of offset credits, transfer of technology and licensing requirement for software industry, which were of concern to both foreign and Indian industry, he said.
"We will, in the near future, take appropriate decisions after getting inputs from all stakeholders. I am sure the discharge of offsets under the policy will give necessary fillip to private sector participation in a big way a long time to come," Antony said.
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| |
|
|
|
|
 |
|
|
