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India : DEFENSE MINISTRY approves Rs.60K crore in acquisition plans
Publish Date : 08-Apr-2015
In the last five months, the Indian Defense Ministry, which is on a procurement overdrive, has approved acquisition plans of over Rs. 60000 crore (nearly US $9.98 billion).
Manohar Parrikar has held three Defence Acquisition Council (DAC) meetings, ever since he became the defense minister in November 2014.
India's top defense procurement decision-making body, the DAC is the next step after the council's approval is negotiating the contract with the selected supplier.
One of the key procurement decisions taken by the DAC Mine Clearing Vessels; Airborne Warning and Control aircraft, Basic Trainer Aircrafts, Mounted Artillery Guns and Multi Barrel Rocket Launchers.
The onus of these contracts has been on Prime Minister Narendra Modi's 'Make in India' initiative.
For example, in the case of the Mine Clearing Vessels, Goa Shipyard has received the order to make 12 ships at a cost of Rs.32,000 crore (US$5.3 billion). The shipyard has been granted the autonomy to select an overseas manufacturer which will deliver the technology.
The major 'Make' category deal has been offered to HAL to make HTT-40 turbo-prop Basic Trainer Aircraft at an undisclosed volume by which the line could completely match economies of scale and profitable.
