New Delhi: The Defence Acquisition Council meeting held under the Chairmanship of Defence Minister Rajnath Singh on Monday approved proposals for Capital acquisitions of various equipment required by the Indian Armed Forces at an approximate cost of Rs 2,290 crore. These include procurement from Domestic Industry as well as Foreign vendors.
Happy to unveil the new Defence Acquisition Procedure (DAP)-2020 Document today. The Formulation of DAP 2020 has been done after incorporating comments and suggestions from a wide spectrum of stakeholders. pic.twitter.com/quRiyAKY3W
— Rajnath Singh (@rajnathsingh) September 28, 2020
Under the Buy Indian (IDDM) category, the DAC approved procurement of Static HF Tans-receiver sets and Smart Anti Airfield Weapon (SAAW). The HF radio sets will enable seamless communication for the field units of Army and Air Force and are being procured at an approx. cost of Rs. 540 crore. The Smart Anti Airfield Weapon being procured at an approx. cost of Rs. 970 crore will add to the fire power of Navy and Airforce.
Further, to equip the Frontline Troops of the Army the DAC also accorded approval for procurement of SIG SAUER Assault Rifles at a cost of approx. Rs.780 crore.
Taking to Twitter, Rajnath Singh said, “The DAP 2020 has been aligned with the Prime Minister Shri @narendramodi’s vision of Atmanirbhar Bharat and empowering the Indian domestic industry through Make in India initiative with the ultimate aim of turning India into a global manufacturing hub.”
The DAP 2020 has been aligned with the Prime Minister Shri @narendramodi’s vision of Atmanirbhar Bharat and empowering the Indian domestic industry through Make in India initiative with the ultimate aim of turning India into a global manufacturing hub.
— Rajnath Singh (@rajnathsingh) September 28, 2020
He tweeted, “With the new Foreign Direct Investment policy announced, the DAP 2020 has adequately included provisions to encourage FDI to establish manufacturing hubs both for import substitution and exports while protecting the interests of Indian domestic industry.”
With the new Foreign Direct Investment policy announced, the DAP 2020 has adequately included provisions to encourage FDI to establish manufacturing hubs both for import substitution and exports while protecting the interests of Indian domestic industry.
— Rajnath Singh (@rajnathsingh) September 28, 2020
The categories of Buy(Indian-IDDM), Make I, Make II, Production Agency in Design & Development, OFB/DPSU and SP model will be exclusively reserved for Indian Vendors meeting the criteria of Ownership and Control by resident Indian citizens.
— Rajnath Singh (@rajnathsingh) September 28, 2020
A new procedure has been included as a new chapter in DAP and structured as an enabling provision for Services to procure essential items through Capital Budget under a simplified procedure in a time bound manner.
— Rajnath Singh (@rajnathsingh) September 28, 2020
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.
— Rajnath Singh (@rajnathsingh) September 28, 2020
