India on Friday finally formally cleared the decks for the long-pending Rs 50,000 crore project to domestically construct six new-generation stealth submarines with foreign collaboration, in what is called the `mother of all underwater combat deals’. The Rajnath Singh-led defence acquisitions council (DAC) approved the tender to be issued to defence shipyard MDL and L&T.
India News: India on Friday finally formally cleared the decks for the long-pending Rs 50,000 crore project to domestically construct six new-generation stealth s
India News: NEW DELHI: India is finally ready to formally kick off the process for the long-pending Rs 50,000 crore project to domestically construct six new-gene.
MoD sets up specialised unit with consultants to aid arms procurements
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Synopsis
Towards this end, the MoD has already invited bids for empanelment of cost and data analysis firms as well as legal consulting firms for the department of defence’s acquisitions wing, which deals with all capital procurements of the over 15-lakh armed forces.
AP
Indian army soldiers leave the site of a gunbattle in Pulwama, south of Srinagar, Kashmir, Friday, April 2, 2021
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(This story originally appeared in on Apr 03, 2021)The defence ministry is now setting up a specialised Project Management Unit (PMU) as part of the overall reforms underway to streamline and speed up the entire arms procurement process.