Defence Minister Rajnath Singh approves new DRDO Procurement Manual 2020: Key Points

Defence Minister Rajnath Singh approves new DRDO Procurement Manual 2020: Key Points




On October 20, 2020, the Defense Minister Rajnath Singh approved another Defense Research Development Organization Procurement Manual, 2020. The principle target of the arrival of the manual is to energize MSME (Micro Small and Medium Enterprises) in Research and Development. 

The manual will improve cycles of acquirement and will thusly, encourage indigenous safeguard industry. It will guarantee the interest in plan and advancement exercises. Likewise, the new manual will expand the support of private ventures and new companies that are in a state of harmony with MSME undertakings in protection research. 

The past modification of the acquisition manual of DRDO was completed in 2016. 

About Defense Procurement Manual 2020 

It will encourage quicker execution of Research and Development in protection area. As far as possible for advance installment has been expanded. The exhibition security and offer security up to Rs 10 lakhs has been absolved. This has been acquainted with cover value disclosure of market influences. 

President  Role 

As the preeminent authority of the Indian Defense Forces, the leader of India needs to affirm the Defense Procurement Manual. It is created by the Ministry of Defense and submitted to the President for his endorsement. 

Importance 

Presently, India requires the new manual as the Government of India is centering to build its protection creation to 25 billion USD by 2025. Additionally, in the following five years, GoI has plans to spend around 130 billion USD in guard area. 

Background

India is one of the main three shippers of guard merchandise on the planet. So as to decrease unfamiliar reliance in guard area, the GoI has been presenting a few measures. The Foreign Direct Investment limit was expanded from 49% to 74% under programmed course. A negative rundown of weapons that won't be permitted to be imported was presented.

Also Read: 

AFCAT 2 2020 Cutoff (Official): Check Here

No comments