DEFENCE
procurement deba r mohanty
Arming the future
India’s
defence procurement process needs further tuning as it has been unable
to address some core concerns of the industry and vendors
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India has been, still continues and likely to be one of the world’s
largest arms importers is to state the obvious. Notwithstanding a
sizeable defence science technology and industrial (DSTI) base, resource
allocations for defence equipment purchases have witnessed a
spectacular growth in the last decade and if projections are to be
believed, such allocations could cost between $150 billion at the
minimum and touch or cross $200 billion in
the next 10 years. Although India’s budgetary allocations for national
defence, especially in capital expenditure spheres, stands much lower in
comparison to countries like the US or China, two primary factors – the
ongoing long-term military modernisation programme that necessitates
equipping a formidable...readmore
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