Defence Ministry approved procurement of 5,100 crores of hardware
On January 22, 2020, the Defence Acquisition Council approved the Procurement of defence equipment that are of worth Rs 5,100 crores. The equipment are to be purchased from indigenous sources.
The equipment to be purchased include electronic Warfare systems that are manufactured by DRDO. It also includes other equipment that are manufactured by local Indian industries.
Also, the council approved the shortlist of Indian Strategic Partners. They will collaborate with the Original Equipment Manufacturers (OEM) to construct six submarines. According to the approval, the private firms are to be pulled in partnership with the OEMs.
The Council also approved the inclusion of iDEX (Innovations Defence Exellence) in Defence Procurement Procedure.
Innovations for Defence Exellence was launched in April 2018 to foster technology development in Defence and Aerospace. It is being funded by Defence Innovation Organization that was formed by HAL And BEL. Apart from funding the DIO will also provide policy guidance to iDEX.
Defence Acquisition Council
The Council was formed based on recommendations made by Group of Ministers on “Reforming the National Security System”. The Group was formed after Kargil war, 2001. Defence Minister is the Chairman of the council.
The Council approves acquisition proposals, transfer of technology decisions, field trial evaluation, decisions of offset provisions that are above Rs 300 crores.