NEW DELHI, Nov 27:
The Government is set to release a new defence procurement policy that would address entire gamut of tricky issues ranging from new norms for black listing the tainted companies to role of middlemen and from providing level field private-public sectors to attract investment through ‘Make In India’ route. Defence Ministry, under the leadership of new Minister Manohar Parrikar, was working round the clock to give final touches to the exhaustive defence procedure. “The new policy would be released by the end of next month or in the first week of the new year,” top sources in the Defence Ministry said.
Highlights of the amended policy are new norms that are being hotly debated in the Defence establishment. The first Defence Acquisition Council (DAC) meeting, chaired by Mr Parrikar, discussed the issue at length. “The discussion remained inconclusive and in next meetings all the loose ends are likely to be tied up,” said the sources. (UNI)
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