DEFENCE PROCUREMENT PROCEDURE
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.
Andhra Pradesh High Court orders review of Re 1, other extremely low defence bids
The court ruling came in a case concerning the development-cum-production partnership (DCPP) model of the Defence Research and Development Organisation (DRDO), under which companies are invited to co-develop weapon technologies. Firms are initially invited to bid for a limited development order, typically covering a small number of prototypes.
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.
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.
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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.
Defence Ministry notifies sixth indigenisation list of 405 items including gears for light helicopters, tanks and light combat aircraft
The Defence Ministry has released its sixth indigensition list, featuring 405 items. These components and systems will now be exclusively sourced from Indian suppliers. The list includes critical items for air and armoured platforms, and defence electronics. This initiative aims to boost domestic manufacturing and reduce import dependence. Over 15,700 defence items have already been successfully indigenised.
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.
Draft DPP 2020 introduces 'leasing' as category to get defence equipment at affordable rates
Moreover, the indigenous content stipulated in various categories of procurement was enhanced to support the "Make in India" initiative, a statement issued by the government said. To facilitate greater participation of the Indian industry and develop a robust defence industrial base, use of indigenous raw materials, special alloys and software has been incentivised under the DPP 2020.
Global economic situation will affect all nations, but not India's defence procurement: Rajnath
"There would certainly be impact of global economy's condition on all nations. I feel there would be hardly any impact of global economy's condition on India's defence procurement," Singh said when asked if the global economy's condition and the coronavirus pandemic would affect Indian defence procurement.
Panel reviewing procurement policy framework to come out with new versions of DPP, DPM by March 2020
A key mandate of this high-level committee is to recommend measures to promote government's policy to promote domestic defence industry and encourage Indian start-ups as well as research and development.
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.
Commerce stint may help Nirmala Sitharaman in defence deals
In view of the Dokalam standoff with China and it ambitious ‘One Belt One Road’ initiative, Sitharaman will have to understand what strategy to apply in this regard.
New Defence procurement policy unveiled
The Defence Procurement Procedure(DPP)-2016 announced by Defence Minister Manohar Parrikar, however, did not contain a key chapter on the proposed strategic partnership.
Hope new defence procurement policy will reduce dependency on other nations: Rao Inderjit Singh
The Defence Ministry today unveiled its much-awaited Defence Procurement Procedure during the DefExpo, which began at Betul-Naqueri village.
Contract threshold for offsets raised in new Defence Procurement Procedure
It has also brought down the Acceptance of Necessity (AoN) validity to six months from earlier one year, which means that the forces will have to issue tenders faster.
Much-awaited Defence Procurement Procedure with 'Make in India' focus to be out soon
Parrikar said that the current DPP is under amendment and is under the consideration of his ministry after a committee of experts headed by Dhirendra Singh had submitted its report.
61% defence contracts in 2014-15 went to Indian vendors: Government
Over 61% of the Rs 65,591 crore defence contracts in 2014-15 went to Indian vendors while the rest were bagged by foreign players, the government said.
Defence Procurement Procedure: Panel to suggest changes by July end, says Defence Minister Manohar Parrikar
There are around 12 areas which the committee will go through, some of which pertain to exports, level playing field, agents and black listing policy.
New Defence Procurement Procedure will take some more time: Manohar Parrikar
Parrikar, who had earlier said that DPP, the framework for defence procurement, will be out by May, admitted that it will take some more time.
Defence procurement procedure should be more friendly: Manohar Parrikar
Defence Minister Manohar Parrikar today conceded that the current defence acquisition process is complex and said it should be more friendly.
New policy to be unveiled to plug loopholes in defence deals
Stung by the recent VVIP chopper scam, the Defence Ministry will unveil a new procurement policy to plug loopholes that allow bribery.
20% penalty for vendors failing offset rule: Defence Ministry
Defence Ministry said that 20% penalty will be imposed on vendors failing to fulfill offsets obligation within the prescribed time frame.
Defence ministry reviewing procurement procedures
The defence ministry on Thursday said that it is reviewing procurement procedures to ensure impartial, transparent and swifter acquisitions for the Armed Forces.
Government reviewing defence offset policy
Aiming to do away with "ambiguities", the government is reviewing its offset policy for defence deals, a senior Defence Ministry official said today.
India likely to sign defence contracts worth Rs 46,000 crore
India, the tenth largest defence spender, is expected to sign defence offsets contracts worth over Rs 46,000 crore in the next five to ten years.
Navy to buy AUVs for underwater surveillance
The Navy is planning to procure an Autonomous Underwater Vehicle (AUV) with onboard sonars and cameras for boosting its surveillance and reconnaissance capabilities under the sea.
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