DPP 2016 has unveiled a unique procurement category under the heading ‘Buy – Indian (IDDM)‘ (Indigenously Designed, Developed and Manufactured) as the preferred mode of defence procurements by the government.
The Defence Procurement Procedure (DPP) have been loaded online on the Defence Ministry‘s website and would be made available in hard copy format after 15 days.
The company will also target an opportunity of 4,000 guns needed by the Army in the next 20-25 years, says Group's Chairman & Managing Director, Baba Kalyani.
After a delay of several months, the new Defence Procurement Procedure (DPP), focusing on India-made products and fast-tracked acquisition process, was yesterday cleared by the top committee of the Defence Ministry.
The Defence Acquisition Council, the apex body in the Ministry of Defence, today said it had approved the Defence Procurement Policy (DPP) 2016, which will come into effect from April 1, 2016.
As part of the Defence Make in India Summit, organised by TV18, a power-packed panel industry stalwarts and policy makers evaluate the prospects and challenges on the new defence procurement policy (DPP).
India has lost many opportunities in the past and "the extent of indigenisation is far from the point where defence ordering can lead to meaningful domestic business," according to a recent report by ICICI Securities.