Defence Ministry

Defence Offset Policy

             30% Offset clause in contracts having indicative cost of Rs. 300 crore or more is being signed in schemes that are categorised as Buy (Global). However, in specific cases depending on the type of acquisition / strategic importance of the acquisition, waiver of the requirement of Offset obligation is obtained from the… Read More

Tags: Carrier air wingContractDefence Acquisition CouncilDefence MinistryDPPIndiaIndian Air ForceSwiss Franc

Salient Features of Defence Procurement Procedure- 2013

The Salient features of the DPP- 2013, promulgated by MoD are as follows: 1. The first major change that has been brought in relates to the introduction of the ˜preferred categorisation™ in the following order; Buy(Indian), Buy & Make(Indian), Make(Indian), Buy & Make, Buy(Global). While seeking the approval for Áccord of Necessity (AoN) in a… Read More

Tags: Buy & MakeDefence MinistryDPP-2013GlobalGlobal Television NetworkIndiaIndian DefenceK Antony

MoD Promulgates Defence Procurement Procedure- 2013

The Ministry of Defence has promulgated the Defence Procurement Procedure 2013. The new procedure which takes effect from today, aims to balance the competing requirements of expediting capital procurement, developing a robust indigenous defence sector and conforming to the highest standards of transparency, probity and public accountability, while laying a strong emphasis on promoting indigenisation… Read More

Tags: Arms industryDefence MinistryDPBDPP-2013GovernmentIndiaProcurementPublic sector

Defence Acquisition Council Approves Major Changes in procurement processes

With the twin objective of infusing greater efficiency in the procurement process and strengthening the defencemanufacturing base in the country, the Defence Acquisition Council, the apex decision making body of the MoD, took a series of decisions today, including amendments to Defence Procurement Procedure (DPP). The Defence Minister Shri AK Antony, who chaired the Council meeting, said the only way forward for the country is rapid… Read More

Tags: Arms industryDACDefence MinistryDemocratic Progressive PartyDPPIndiaministry of financeProcurement

India’s Leading Compliance Software

India’s Leading Compliance Software

Get A Demo Today !

Corporate Law Referencer

Corporate Law Referencer

Corporate Law Referencer

Recent Articles

Recent Legal updates

Recent Gst Updates