Sunday, October 25, 2020
Home National Rajnath Singh announces new Defence Acquisition Procedure

Rajnath Singh announces new Defence Acquisition Procedure

Defence minister Rajnath Singh introduced a new Defence Acquisition Procedure (DAP) in alignment with PM Modi’s ‘Aatmanirbhar Bharat’ (self-reliant India) initiative to make the country a global manufacturing hub of military platforms. The DAP will reduce timelines for procurement of defence equipment and it will allow purchase of essential items under a simplified mechanism. Rajnath Singh tweeted, “The offset guidelines have also been revised, wherein preference will be given to manufacture of complete defence products over components and various multipliers have been added to give incentivisation in discharge of offsets.”

Read more: The Hindu | Zee News | Hindustan Times

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