India’s latest Defense Procurement Procedure (DPP) is likely to propose alternative mechanisms to curb corruption instead of blacklisting defense manufacturers.
The new DPP to be announced next month is considering ‘negotiated resolution’ with the accused company similar to ‘deferred prosecution agreements’ (DPA) followed by UK and US, according to Indian Express news daily report on Thursday.
The investigating authorities can negotiate with companies accused of wrongdoing to pay penalties and reparations. Criminal prosecution of the company in a particular case is suspended but criminal prosecution of individuals involved in corruption will continue.
The committee formed by Defense Minister Manohar Parikkar to revise the DPP is likely to hand over the final report and recommendations to the MoD on Thursday. An interim report was submitted last week.
The initial mandate of 45 days of the 10-member committee, headed by Dhirendra Singh, former Home Secretary and Special Secretary (Defense), was subsequently extended to July 31.
The defense policy pursued by the previous government under former Defense Minister A K Anthony insisted on putting defense deals on hold if there were allegations of corruption and the firm concerned automatically blacklisted.
Currently, there are fifteen companies including six foreign firms that are blacklisted by MoD while 23 other companies are under scrutiny for allegations of corruption.
Indian Navy along with Defense Research and Development Organization (DRDO) and Steel Authority of India (SAIL) have tied up to develop a special grade steel for indigenously designed nuclear powered stealth submarines. “This is an achievement as other exporting nations that produce the special steel were either unwilling or unable to continue selling it to India
The increase in foreign direct investment (FDI) cap from 26 per cent to 49 per cent in Indian defense sector has had no impact on the investment flow and has only managed a miniscule INR 48 lakh (US $0.08 million) in the past year
Iraq has joined India and China as Russia's top three arms importers in 2014. Rostec, the holding company of various Russian arms manufacturers said in its annual report on Wednesday that the deliveries of Russian military equipment were made to 59 countries
Local manufacturing of fighter and reconnaissance aircraft is not on the indigenization agenda of the Indian Navy for the next 15 years. India has a huge requirement of carrier borne fighter aircraft as it is building its indigenous aircraft carrier and has another bigger carrier on the drawing board besides a steadily growing requirement for maritime surveillance planes
France will deliver 36 Dassault Rafale fighter jets and associated equipment as per the configuration approved by the Indian Air Force with longer maintenance responsibility. The negotiations on the terms and conditions of the purchase have started, Indian Defense Minister Manohar Parrikar said Tuesday
Indian Navys new time bound indigenization plan for 2015-2030 has a list of products ranging from surface-to-air missiles for warships to air independent propulsion system for submarines. The list proposed in the ‘Indian Naval Indigenization Plan 2015-2030′ is divided into three segments that make up a warship- float, move and fight
The Indian defense ministry has cleared the new defense procurement procedure of 2016 except for the guidelines on blacklisting norms and strategic partnerships which will be ready by next month. The new DPP will be available on the defense ministry website from March 28 and will come into effect from April 2
Dilution of stringent conditions, removing nomination based Defense Public Sector Undertaking (DPSU) contracts, and setting indigenization target with a time frame will encourage Indian domestic companies to take part in defense equipment manufacturing. The Indian government should set indigenization target within a time frame to encourage domestic companies to take part in Defense equipment manufacturing
India has so far received US$ 5.02 million (INR 32 crore) in Foreign Direct Investment (FDI) in the defense industry sector
Indias latest Defense Procurement Procedure (DPP) will lay more emphasis on homegrown proposals with increase in indigenous content threshold for ‘buy Indian and ‘buy and make Indian categories. According to Indian Express News Daily, the committee formed by Defense Minister Manohar Parrikar to revise the DPP is laying emphasis on promoting “Make In India” in the defense sector
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