By IANS,
New Delhi : The government will roll out a new defence procurement policy (DPP) Nov 1 in a bid to promote the Indian defence industry and bring transparency in acquisitions, Defence Minister A.K. Antony said Tuesday.
The reviewed DPP would also aim to promote joint ventures between foreign original equipment manufacturers (OEMs) and Indian companies.
“The current review in the procurement policy aims at promoting and facilitating Indian industry and transparency and integrity in defence acquisitions,” Antony said at a seminar on defence acquisition here.
“We have reviewed it and are ready to promulgate DPP-2009 with effect from Nov 1,” he added.
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