Tuesday, March 22, 2016
India Clears Defense Procurement Policy
Indian defense leaders have approved a procurement policy that emphasizes the acquisition of equipment with substantial content made in that country, according to press reports from that nation. Those reports quote Defense Minister Manohar Parrikar as saying the policy, approved March 21 by the Defense Acquisition Council, would take effect April 2 and be available on the defense ministry's website March 28. That council did not clear a section on strategic partnerships with private industry for the production of helicopters and other armaments, which the minister reportedly said would require another month or so for approval by other government bodies. The policy reportedly creates a new category of defense equipment, Indian Designed, Developed and Manufactured. To qualify for that category, 40% of procured gear's content would have to be made in India.