Parrikar's tenure as Defence Minister was marked by fast-paced decision-making as the Defence Acquisition Council (DAC) cleared a range of projects and military purchases. He had also pushed for a number of stalled acquisition projects.
The deals finalized during Parrikar's tenure included purchase of 21 Apache attack helicopters and 15 Chinook heavy-lift choppers from American aviation giant Boeing and the US government.
In March last year, Parrikar had come out with a new defence procurement policy with an aim to ensure transparency in defence deals, fast-track acquisition process and indigenization of defence procurement.
In September last year, India had inked a Euro 7.87 billion (approx Rs 59,000 crore) deal with France for purchase of 36 Rafale fighter jets capable of carrying nuclear weapons and equipped with latest missiles.
Parrikar had assumed charge of Defence Ministry in November 2014 from Finance Minister Arun Jaitley.
In Panaji, Union minister Nitin Gadkari today said Parrikar will resign as Defence Minister before taking oath as the new Chief Minister of Goa.
Prime Minister Narendra Modi is likely to hold the Defence portfolio till a replacement for Parrikar is found.
Earlier in the day, the Goa BJP passed a resolution requesting the central leadership to make Parrikar the Chief Minister. BJP's prospective allies had also made Parrikar's return a pre-condition for their support.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
