March 29, 2016 7:59 AM

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Govt unveils new Defence Procurement Policy

Defence Minister Manohar Parrikar has unveiled new Defence Procurement Policy, DPP. Announcing the policy at the inaugural ceremony of Defence Expo in Goa yesterday, Mr. Parrikar said, it will ensure transparency and speed in acquisition process and boost the 'Make in India' initiative to reduce dependence on imports. <br/><br/>To be applicable from April, the new DPP lays the roadmap on how India will acquire defence equipment in the future. It has included a new category to acquire weapons–the "Indigenously Designed, Developed and Manufactured' or IDDM category. The IDDM will be the first category of preference. <br/><br/>Mr. Parrikar said, the new DPP can push the agenda of 'Make in India' and India's target of achieving defence industry network. He said, the policy will also include 'Start-up India' initiative. He said, with the new policy, it will be ensured that there is greater transparency and faster clearances.<br/><br/>The Minister also said that a review of the new DPP will be undertaken after six months. The new policy also allows the Defence Acquisition Council to take a "fast-track" route to acquire weapons. It has been loaded online on the Defence Ministry's website.

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