Make in India in defence sector: Centre simplifies procedure to attract greater participation

    In an effort to further boost ‘Make in India’ in the sector, the Defence Acquisition Council (DAC) has cleared a simplified ‘Make-II’ (Make in India) procedure which will enable greater participation of industry in acquisition of defence equipment. The decision was announced after the meeting of DAC, chaired by defence minister Nirmala Sitharaman, on Tuesday. The amended ‘Make in India’ procedure reduces the total time from in-principle approval to placing of order by 50 % and the estimated time to finish the whole process has come down to 69 from 103 weeks. Under the new provisions, projects involving developmental cost of less than 3 crore will be reserved for MSMEs. According to a statement released by the defence ministry, “this process will greatly help import substitution and promote innovative solutions. Read more...

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