DEFENCE ACQUISITION PROCEDURE
Siang project not just hydropower, vital for national security: Arunachal Pradesh CM Pema Khandu
Arunachal Pradesh chief minister Pema Khandu said that the Siang Upper Multi-Purpose Project should not be viewed merely through the prism of a conventional hydropower project, but as a national project with wider strategic and security implications.
ET Prime Special Series: Multibagger or IBC - Part 77: This auto ancillary wants to double revenue by FY30. Execution to decide
A business can diversify in two ways: Slowly, by building new capabilities internally; or quickly, by acquisitions. This supplier has chosen the second route. It has expanded from a mechanical-only portfolio to a multi-discipline platform, doubled its manufacturing footprint, and added more than four alliances. The opportunity is obvious: A broader product basket and new global orders. The risk is equally important. The new businesses still have to prove that growth can translate into durable returns.
From INSAS to AK-203: How India's 'Sher' assault rifle came to be
The journey from INSAS to the indigenous AK-203 'Sher' involved years of negotiations, technical challenges and efforts to secure technology transfer from Russia. The article traces how India selected the AK-203, established a joint venture at Korwa in Uttar Pradesh and overcame hurdles to begin delivering the fully indigenous assault rifle to the Army.
BEL shares in focus as PSU receives orders worth Rs 648 crore since late August. What’s ahead after 183% rally in 3 years?
Bharat Electronics (BEL) secured additional orders worth Rs 648 crore since late August, covering defence technologies including laser-based IR jammers, communication equipment, cybersecurity solutions and AI software. The orders follow significant recent wins and come amid large defence procurement approvals. BEL shares have delivered strong long-term returns but remain under pressure in recent months.
Defence exports rise after Operation Sindoor. Jefferies names Solar, Astra, HAL and BEL as top stock picks
Jefferies initiated coverage on Solar Industries and Astra Microwave with Buy ratings, citing strong defence growth prospects and rising order books. It also maintained Buy ratings on HAL and Bharat Electronics while assigning a Hold rating to Bharat Dynamics. The brokerage expects robust earnings growth across these companies, supported by rising defence spending, indigenisation and export opportunities.
HAL, Astra Microwave, other defence stocks rally up to 4% after DAC clears Rs 1.10L cr proposals; Motilal picks 3 stocks to buy
Defence stocks: The Defence Acquisition Council approved defence procurement proposals worth around Rs 1.10 lakh crore, with nearly 98% of purchases to be sourced from Indian companies. The move is likely to keep defence stocks such as HAL, BEL, Paras Defence, BEML and Astra Microwave in focus. The approvals cover requirements of the Army, Navy and Air Force.
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Will BDL, HAL & other defence stocks deliver rocketing returns? Here’s why this brokerage remains bullish
India’s defence sector is gaining momentum on the back of rising defence spending, localisation, strong order pipelines and growing exports. Bajaj Broking remains bullish on Bharat Dynamics and Hindustan Aeronautics, citing improving execution, robust order books and long-term military modernisation as key growth drivers.
Off with offset training wheels
Defence offset obligations are largely unfulfilled, prompting a policy review. New defence acquisition procedures replace offsets with indigenous content mandates. This shift impacts private sector defence exports which previously benefited from offsets. Many global firms established joint ventures in India to meet offset requirements.
MP attracted over ₹10L cr investments in two years by enhancing ease of doing business: Chief minister Mohan Yadav
Madhya Pradesh attracted over ₹10 lakh crore investments by simplifying business processes. The state government is implementing a blueprint for holistic district development. Over 900 redundant laws and 2,700 circulars were scrapped to improve transparency. Subsidies totaling ₹5,500 crore were disbursed to investors via direct benefit transfers. The state aims for a per person income of ₹22.5 lakh by 2047.
MoD signs Rs 1,577 crore contracts for Loiter Munition Systems for Indian Army
The Ministry of Defence has finalised contracts worth Rs 1,577 crore for Loiter Munition Systems, which will enhance the artillery capabilities of the Indian Army. Awarded to Tata Advanced Systems Limited (TASL) and NIBE Private Limited, the procurement aligns with India's vision of self-reliance in defence manufacturing, strengthening both the Army's operational capabilities and the country's domestic defence industrial base.
Apollo Micro Systems shortlisted by IAF for indigenous prescision range extension kit programme
Apollo Micro Systems has been selected by the Indian Air Force to develop the Indigenous Precision Range Extension Kit (IPREK), a defence system designed to enhance the range and accuracy of existing bombs. The company will supply over 500 units in the initial phase, integrating technologies such as NavIC navigation and precision guidance to boost India's indigenous defence capabilities.
Right policy space for strategic industries
Skyroot Aerospace's latest launch marks a milestone for India, signifying its official entry into the exclusive league of private orbital launch providers. This achievement comes as a result of favorable policy reforms that promote commercial space ventures and welcome foreign investments. The development reflects a notable increase in domestic arms production by the private sector, with the government actively supporting this expansion through its role as a key buyer.
Defence panel proposes vendor benchmarks, phasing local content
India's defence procurement rules are set for major changes. The government is looking at a gradual increase in local content requirements for defence equipment. A special single-vendor process is proposed for smaller, urgent procurements up to Rs 100 crore. A clear framework to qualify vendors will also be introduced.
Govt likely to recognise foreign defence companies’ local arms as 'Indian'
The government may allow wholly owned local subsidiaries of foreign defence manufacturers to qualify as “Indian vendors” in defence procurement, addressing a long-standing industry demand. This move would simplify procurement, boost domestic manufacturing, and encourage foreign companies to set up operations in India.
India must boost production capacity for military-grade drones: Defence Secretary
Defence Secretary Rajesh Kumar Singh emphasizes boosting military-grade drone production. India aims to reduce defence procurement time to two years. A new Defence Acquisition Procedure (DAP 2025) is expected in six months. The government will support drone manufacturers through orders and technology transfers. Simplification of the Defence Acquisition Procedure 2020 is underway to remove redundant steps and unnecessary conditions.
Defence ministry to overhaul procurement rules, aims for faster deals and stronger private sector role
The defence ministry has initiated a review of its procurement procedure to cut timelines and increase ease of business for the private sector. A special committee has been formed to suggest changes to the Defence Acquisition Procedure (DAP), aiming for timely acquisitions and promoting indigenous technology.
Panel set up for comprehensive review of Defence Acquisition Procedure 2020: Defence ministry
A panel, led by the Director General (Acquisition), has been formed to comprehensively review the Defence Acquisition Procedure (DAP) 2020. This review aims to align the DAP with current government policies, promote 'Aatmanirbharta' and 'Make in India' initiatives, and streamline acquisition processes to meet the operational needs of the armed forces. Stakeholders are invited to submit suggestions by July 5.
MoD slashed timelines for some processes in procurement cycle, saving about 69 weeks: Defence Secretary
Defence Secretary Rajesh Kumar Singh announced that the Ministry of Defence (MoD) has significantly shortened timelines for key processes in the military equipment procurement cycle as part of sweeping reforms aimed at boosting efficiency and advancing India's goal of 'Aatmanirbharta' in the defence sector, as per an official release.
Rs 1.93 lakh cr worth of military equipment imported between 2017-18 and 2021-22: Govt data
India procured military hardware worth Rs 1.93 lakh crore in the last five years, according to details provided by the government in Lok Sabha. Minister of State for Defence Ajay Bhatt said the major defence equipment that were imported included helicopters, aircraft radars, rockets, guns, assault rifles, missiles and ammunition.
18 military platforms to be designed and developed by domestic defence industry: Govt
Apart from the ship-borne unmanned aerial systems and lightweight tanks, the other key platforms to be developed under the initiative are: hypersonic glide vehicle, unmanned autonomous AI-based land robot, 127 mm naval gun, electric propulsion (engines) for ships and standoff airborne jammer.
India warns arms companies of action for default in offset commitments
The defence ministry (MoD) has delivered a stern message to the arms companies, seeking repeated time extensions to discharge their offsets commitments, that it won’t be business as usual any longer, say top sources.
India's defence exports since 2014-15 estimated at Rs 35,777 crore
"The booklet is a reflection of the resolve of the government, under the able leadership of Prime Minister Narendra Modi, to make the defence sector stronger and more efficient," Singh said.
A reformative step throws open Indian defence, aerospace to ingenuity and enterprise
To create pathways for facilitating accelerated acquisition of military grade solutions developed and qualified through iDEX, the Defence Acquisition Procedure (DAP) 2020 offers an exclusive track for procurement under the ‘Innovation’ category.
View: Decoding Defence Acquisition Procedure for F-OEMs in an 'Atmanirbhar Bharat'
A few important things happened over the past year impacting the compilation of DAP-2020. First was the coronavirus pandemic which rekindled the concept of Atmanirbhar Bharat. In DAP-2020, it brought in the concept of ‘Weapons/Platforms Banned for Import’ (negative list).
India does away with offsets for G-to-G defence deals with CAG's Rafale report out
The new Defence Acquisition Procedure (DAP), cleared by the defence ministry on Monday, has done away with the need of foreign companies investing at least 30 percent of the contract value in the Indian manufacturing sector if the deal is being processed under the government to government or single vendor case.
Rajnath Singh releases new Defence Acquisition Procedure
In what is seen as a significant move, the DAP featured measures to reduce delay in procurement of essential items by the three services as it proposed a new enabling provision to acquire them through capital budget under a simplified procedure in a time-bound manner.
Defence acquisition procedure 2020 has five new chapters on topics like leasing and ICT systems
Apurva Chandra, Director General - Acquisition, Ministry of Defence, told reporters at a press briefing that the procedure on leasing defence equipment is in the new DAP as it may be cheaper in the long run to lease.
Defence Acquisition Council clears new Defence Procurement Procedure
However, the DAC, chaired by Parrikar, did not finalise the key chapter on strategic partnership, which the Minister said will be done in another couple of months.
Former DRDO chief VK Aatre to submit report on strategic partnership this week
The recommendations, if accepted, will become part of the new Defence Procurement Procedure (DPP) that has been in the works for long.
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