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Showing posts with label DPP. Show all posts
Showing posts with label DPP. Show all posts

Tuesday, January 12, 2016

Defence Procurement Procedure made Indian Innovator friendly.

The DAC met under the Chairmanship of the Hon’ble Raksha Mantri on 11/01/2016 and key provisions of the DPP, as listed under have been approved.
  • Introduction of a new category of acquisition: Buy Indian (IDDM), to promote indigenous design development and manufacturing. Under this category, indigenously designed equipment with 40% indigenous content (IC), or equipment with 60% IC will be considered for acquisition. This category will be the most preferred acquisition category, above the existing ‘Buy (Indian)’ category.
  • Make II (Industry funded) – involves no funding by the Government for prototype development. However if RFP for the equipment developed, is not issued with two years from the successful prototype development, 100% refund for successful developers, who were selected through due process.