pavanvenkatesh
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I found this report in Indian Express Edition of 28th october
Here's the link http://www.expressbuzz.com/edition/...&SEO=A+K+Antony,+MoD&SectionName=pWehHe7IsSU=
THE Ministry of Defence has decided to open up the arms industry in a big way to private Indian companies, which will get directly involved in acquisitions under a new "buy and make Indian" provision.
Earlier, only bids from foreign firms were invited for major acquisitions. These companies would then look for Indian partners for transfer of technology.
Under the Defence Procurement Policy 2009 that comes into effect from November 1, private Indian firms can be directly approached to take part in the multi-billion dollar local defence market. These companies will be free to look for foreign partners. The rationale behind the move is that the Indian companies can do away with production of major technology through expensive and time consuming research and development process.
They can directly enter into a joint venture with a foreign company and start production of weapon systems that could be delivered fast to the ar med forces. In other words, if army wants to buy new tanks, it can place the order with an Indian company instead of a foreign vendor.
The move would reduce over-dependence on the Defence Research and Development Organisation, which has come under criticism for being slow in delivering key weapon systems. DRDO has a vast range of products, from missiles to tanks and medicines. Through the new policy, the attempt is to ensure that defence research remains focused on critical technologies.
For the first time, the MoD's plan of acquisition, production and research and development will be made public. Revealing the highlights of the new policy, Defence Minister A K Antony said that the 15-year Long Term Acquisition Plan of the armed forces would be put on the MoD website and shared with industry associations and chambers so that they knew what armed forces were looking for. However, all the acquisition plans of the MoD will not be posted on the websites.
Here's the link http://www.expressbuzz.com/edition/...&SEO=A+K+Antony,+MoD&SectionName=pWehHe7IsSU=
THE Ministry of Defence has decided to open up the arms industry in a big way to private Indian companies, which will get directly involved in acquisitions under a new "buy and make Indian" provision.
Earlier, only bids from foreign firms were invited for major acquisitions. These companies would then look for Indian partners for transfer of technology.
Under the Defence Procurement Policy 2009 that comes into effect from November 1, private Indian firms can be directly approached to take part in the multi-billion dollar local defence market. These companies will be free to look for foreign partners. The rationale behind the move is that the Indian companies can do away with production of major technology through expensive and time consuming research and development process.
They can directly enter into a joint venture with a foreign company and start production of weapon systems that could be delivered fast to the ar med forces. In other words, if army wants to buy new tanks, it can place the order with an Indian company instead of a foreign vendor.
The move would reduce over-dependence on the Defence Research and Development Organisation, which has come under criticism for being slow in delivering key weapon systems. DRDO has a vast range of products, from missiles to tanks and medicines. Through the new policy, the attempt is to ensure that defence research remains focused on critical technologies.
For the first time, the MoD's plan of acquisition, production and research and development will be made public. Revealing the highlights of the new policy, Defence Minister A K Antony said that the 15-year Long Term Acquisition Plan of the armed forces would be put on the MoD website and shared with industry associations and chambers so that they knew what armed forces were looking for. However, all the acquisition plans of the MoD will not be posted on the websites.