Amendments to Defence Procurement Procedure

Published on Mon, Oct 05,2015 | 23:13, Updated at Mon, Oct 05 at 23:13Source : Moneycontrol.com 

In order to leverage the defence procurement programme to develop India’s local defence manufacturing capabilities under the Make in India initiative, a Committee of Experts (Committee) has recommended changes to the 2013 Defence Procurement Procedures (DPP).

This Khaitan & Co newsletter talks about the Committee recommendations  and encapsulates the following proposed key inputs and changes along with expert comments:
•         Strategic Partnership with Private Firm
•         Offset Policy Changes
•         Policy Changes in DPP 2013
•         Tax Reforms and Export Incentives