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Armed forces get special powers for individual procurement worth Rs 300cr | India News – Times of India

NEW DELHI: In view of the border row with China in japanese Ladakh, the defence ministry on Wednesday granted special powers to the three providers for particular person capital procurement programme price Rs 300 crore to satisfy emergent operational necessities, officers mentioned.
They mentioned there was no cap on the variety of procurement programmes and that every acquisition underneath the emergency requirement class mustn’t price greater than Rs 300 crore.
The choice was taken at a gathering of the Defence Acquisition Council (DAC) headed by defence minister Rajnath Singh.
“The DAC delegated the powers for progressing urgent capital acquisition cases of up to Rs 300 crore to the armed forces to meet their emergent operational requirements,” the defence ministry mentioned in a press release.
The choice, it mentioned, will shrink the procurement timelines and guarantee placement of orders inside six months and graduation of deliveries inside one yr.
It mentioned the particular assembly of the DAC was convened contemplating the prevailing safety atmosphere alongside the northern borders and the necessity to strengthen the armed forces for the defence of the nation’s borders.
The three providers have began shopping for a spread of navy tools, weapons and platforms in the previous few weeks within the midst of the tense border row with China in japanese Ladakh.

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