BUSINESS
Procurement Reforms | New bidding process is not at the cost of the existing L1 system
Be it the L1 system, or the QCBS, or the fixed system, these are just one aspect of the complex procurement process. Vibrancy and maturity of commodity market, diffusion and innovation of technology, patenting issues, etc. are some representative issues that equally matter
BUSINESS
On big ticket defence acquisitions, let’s adopt a collegiate system
The Ministry of Defence’s proposal of reducing the defence acquisition cycle harps upon a reality bite: we need to save on time for real value addition to India’s military capability building
