MoD discusses proposed defence procurement guidelines with industry

On the question of making procurement faster and simpler, Chandra said that DPP 2020 aimed at reducing the burden of bank guarantees

The defence ministry’s procurement chief, Apurva Chandra, has announced that, to promote indigenization, defence procurements worth less than Rs 50 crore per year would be reserved for micro, small and medium enterprises (MSMEs). 

Addressing an industry gathering in New Delhi on the draft Defence Procurement Procedure of 2020 (DPP-2020), that was placed in the public domain for comments in March, Chandra said the foreign direct investment hike to 74 per cent proposed in DPP-2020 would not be hiked to 100 per cent as the proposed hike adequately protected the concerns of foreign industry. 

“I think it is a big step