New Delhi. Defence Minister Rajnath Singh on September 28 unveiled the Defence Acquisition Procedure (2020) in line with Prime Minister Narendra Modi’s Atmanirbhar Bharat (Self-reliant) India initiative aimed at turning India into a global manufacturing hub.
Defence Minister Rajnath Singh unveiling the Defence Acquisition Procedure 2020 in New Delhi on September 28.
“The DAP 2020 has been aligned with the Prime Minister Mr @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 said in a series of tweets.
“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.”
“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.”
“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.”
“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 tweeted.
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