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AERO INDIA LIVE! Auditor Seeks Efficiency In Indian Procurement Policy

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AIN NEWS LIVE FROM AEROINDIA  »  2013 by    NEELAM MATHEWS Publication of India's new Defense Procurement Policy has been delayed as a government auditor pushes for more efficiency in the process, including a greater role for the private sector. (Photo: Rakesh Mangaraj, Indian Mod) February 4, 2013, 2:55 PM India’s updated Defense Procurement Policy ( DPP ) for 2013 that was to be released in January is delayed by five or six months, a senior defense ministry official told  AIN . The DPP  governs the buying of military weapons and equipment. Recently, the country’s Comptroller Auditor General stated that the previous  DPP  2011 is not geared for efficient procurement. “The MoD [ministry of defense] needs to factor this into the  DPP  2013 to ensure greater efficiency in acquisition and eliminate discrimination between the private and public sector enterprises,” said an industry analyst with think-tan...

Opinion- On new Offsets Policy

By- John Williams Williams Global Advisors 1.      Objectives of the Offset Policy have been clarified.  The objectives are: a.      Development of globally competitive industries b.      Enhancement of India’s R&D and Design capabilities c.      Encouraging the development of synergistic sectors (I’m assuming this could include sectors such as homeland security, but possibly even energy, and communications down the road) 2.      A new nodal agency has been introduced with responsibility for offset discharge management (post-contract) a.      The new Defense Offset Management Wing (DOMW) will have full responsibility for offset contract management b.      A new position (JS – DOMW) has been created for this purpose c.      Pre-contract responsibility still rests with DDP and Acquisition Wing 3. ...