PIB, March 18
The Defence Acquisition Council, on Wednesday, accorded approval for acquisition of indigenous Defence equipment for about Rs 1,300 crore. The proposals were for procurement of Aerial Fuses and Twin-Dome Simulators for Hawk Mk32 aircraft for the Indian Air Force.
The DAC approved an amendment to the Defence Procurement Procedure (DPP) 2016 to enable review by a Costing Committee of bids submitted by Joint Ventures of Defence Public Sector Undertakings (DPSUs)/Ordnance Factory Board (OFB)/DRDO from whom procurement of Defence items is undertaken on a nomination basis. This will bring about more transparency in costs and compress the timelines for negotiation of the contract.