The Defence Acquisition Procedure (DAP) 2020 has been amended to indigenous procurement and promote ease of doing business for the military and aerospace manufacturing market worth about ₹1 lakh crore.
In an effort to further promote ‘Make in India’ and ‘Aatmanirbharta’ in defence and enable the ease of doing business, the Defence Acquisition Procedure (DAP) 2020 has been amended based on the approvals accorded by the Defence Acquisition Council (DAC).
“Going forward, all modernisation requirements of the defence services and Indian Coast Guard are to be indigenously sourced irrespective of the nature of the procurement,” the ministry said in a statement.
It said the import of defence equipment and sourcing it from the foreign industry under capital acquisitions should only be an exception and undertaken with specific approval of the defence acquisition council or the defence minister.
“As advised by the Ministry of Finance and to reduce the financial burden on the Indian defence industry whilst maintaining financial safeguards, the requirement of Integrity Pact Bank Guarantee [IPBG] has been dispensed with,” the ministry said.
“Instead, Earnest Money Deposit [EMD] will be taken as a bid security for all acquisition cases with Acceptance of Necessity [AoN] cost more than Rs 100 crore,” it added.
The ministry said the EMD will be valid for the selected vendor up to the signing of contracts and returned to remaining vendors post declaration of selection. – India Today
MoU between CSIR and iCreate to harness India’s Strength
- iCreate to help establish new start-up incubators at select CSIR lamps to boost commercialisation of CSIR’s innovations.
- CSIR provides access to its equipment facilities as well as scientific manpower to create a start-ups .
- CSIR and iCreate to jointly work on creating tech innovation based commercial solutions to address large challenge facing the country .
- CSIR will explore new age of financially supporting innovative start-ups
Note:-India has imposed ban on import of 310 different weapons and systems during last two years.
