The defence industry sector has regularly pitched for greater access to the details of procurements planned by the Ministry of Defence (MoD) especially with regard to cost, quantity, offsets, trials, transfer of technology etc., which are being envisaged at the Acceptance of Necessity (AoN) stage.
In a bid to promote “Ease of Doing Business” and provide more transparency in the capital acquisition process, aligning with the aspirations of industry, Defence Minister Rajnath Singh has approved a proposal mandating all three armed forces to publish the relevant details on the service headquarters/MoD website within one week of receipt of approvals.
Keeping the requirement of the industry, the government on 20 August approved this proposal. The details shared will be subject to sensitivities keeping the security aspect in mind, it added.
“This is an important step towards greater transparency and information symmetry and will provide an opportunity to the additional vendors, who did not respond to the Request for Information (RFI) but wish to express interest for receipt of RFP and submission of bid”, the release said.
“This timely visibility will enable the industry to plan technology tie-ups with Original Equipment Manufacturers (OEMs), initiate the process to set up production lines and augment production capacity in anticipation of the orders likely to be placed,” the statement further added.