India is looking at lease contracting as a new methodology for acquiring military equipment amidst a budget squeeze at a time of rising expectations from its armed forces, with the Government on August 17 announcing a review of its Defence Procurement Procedure (DPP).
A 12-member committee led by Director General Defence Acquisitions will review the DPP 2016 and the Defence Procurement Manual 2009 and submit its recommendations in six months.Read More…
