CONTENT PREVIEW
Industry

India confirms potential move to set up defence procurement agency

13 March 2017

India's Ministry of Defence (MoD) has confirmed that it is considering the establishment of a dedicated executive agency to manage defence procurement.

Citing a parliamentary reply by defence minister Manohar Parrikar, the MoD said in a press release on 10 March that setting up the new organisation had been recommended in February by a committee convened to suggest ways to restructure the MoD's acquisition wing.

"The committee has recommended the creation of a central, autonomous, empowered professional organisation to build up indigenous defence capability as a strategic imperative for long-term self-reliance," said Parrikar, according to the MoD press release.

Jane's has previously reported that the new agency is likely to be named the Defence Capability Acquisition Authority.

Want to read more? For analysis on this article and access to all our insight content, please enquire about our subscription options: ihs.com/contact



(140 of 304 words)
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT