NEW DELHI: the new India defense acquisition procedure (DAP) eliminates offsets in government-to-government and single-vendor agreements, allows military equipment leasing, emphasizes setting realistic technical parameters for weapons systems, and simplifies cumbersome testing procedures. The new DAP, which will come into effect on October 1, seeks to empower the national defense …
Read More »The Center eliminates the compensation clause in the government-to-government agreement in the new arms purchase policy
In a significant departure from India’s existing arms purchasing procedures, a new policy announced Monday has eliminated offsets in government-to-government agreements and single-vendor contracts for the purchase of military equipment, as it does not it has resulted in bringing cutting-edge technology to the country, said a senior official. This overrides …
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