The Indian Defense Ministry has signed 18 international contracts worth INR 29,222 Crore (US $20.1 billion) between May 2014 and February 2015.
The contracts were signed with armaments manufacturers from the USA, Russia, the UK, Israel, Germany and France.
“Defense Procurement Procedure (DPP) details direct dealing with the Original Equipment Manufacturers (OEMs) or Authorized Vendors or Government Sponsored Export Agencies (applicable in case of countries where domestic laws do not permit direct export by OEM),” Defense Minister Manohar Parrikar said in an answer in parliament.
“It also provides that vendor is required to give full details of any agents / technical consultants / authorised vendors that may have been appointed by them for marketing of this equipment in India. These details should include the scope of work and responsibilities that have been entrusted with the said party in India,” Parrikar said.
Parrikar’s reply shows a possibility of changing mindset in the MoD about the employment of middlemen in potential defense deals on the basis of full disclosure. Observers believe that this can also be included in the DPP as a policy statement as a laid down procedure.
India may opt for off-the-shelf purchase of three squadrons of the Russian T-50 fifth generation stealth fighters, instead of taking the earlier Joint R & D route to manufacture 127 fighters in India. Just as the Indian MoD abandoned discussions for licence-manufacture of the Rafale in India and went in for direct procurement of three squadrons, it may do the same in case of the T-50 for speedier procurement
Indias first hypersonic cruise missile, BrahMos-II will be named after late president Dr. APJ Abdul Kalam
Indian navy's procurement of the 16 multi-role naval helicopters from Sikorsky could be delayed following a restart of negotiations with the US company. The negotiations have restarted after the American company demanded for a price escalation to which the Indian MOD had refused, defence minister Manohar Parrikar told Indian parliament on Friday
IAI to Provide Barak-8 Missiles for Navy’s Sa’ar Corvettes
Chemring to Procure Husky Mounted Detection System for US Army
Irkut To Sign New Contract With Russian MOD For Su-30SM Fighters
US National Defense Authorization Act Makes Taiwan Happy, China Livid
Turkey’s First Indigenous Aircraft Carrier To Be Ready in 2021
US to Exempt India, Indonesia and Vietnam from CAATSA Sanctions
L-3 Wins $73M For HALO Aircraft For Ballistic Missile Defense System Test...
Ashok Leyland to Deliver 81 High Mobility Vehicles to Indian Army
The Russian ministry of defense on Thursday published a series of videos showcasing the production, deployment and installation and testing...
The market for fighter jets in countries which are expected to have open competitions is estimated at US$50 billion to...
The Indian MoD's plan to purchase 110 fighter jets may be its costliest fighter jet buy ever with the entire...
Indias plans of integrating the MBDAs meteor missile on its LCA Tejas and Su-30MKI aircraft may not happen due to...
The most-read stories on the defenseworld
One of the most interesting exhibits at the Dubai Air show 2017 occupies a corner in the Aviation Industries Corporation...