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The new defence procurement policy will be rolled out by the government on Nov 1. According to the Union Defence Minister A.K. Antony , the DPP will help in promoting Indian defence industry and will make the acquisitions more transparent.
This will also enable to create more opportunities for entering into joint ventures with foreign original equipment manufacturers.
"The current review in the procurement policy aims at promoting and facilitating Indian industry and transparency and integrity in defence acquisitions," Antony said at a seminar on defence acquisition in New Delhi.
"We have reviewed it and are ready to promulgate DPP-2009 with effect from Nov 1," he added.
Under DPP-2008, the tender papers were issued only to foreign vendors, who are required to transfer technology to an Indian defence industry, called Production Agency, under 'Buy and Make' category.
"In order to obviate the above shortcoming, a new category -- Buy and Make (Indian) -- is being introduced, which allows issue of Request for Proposals (RFP) to Indian industries having requisite financial and technical capabilities to absorb technology and undertake indigenous manufacture through transfer of technology and not through research and development," Antony said.
