Tuesday, September 30, 2008

'In India, offsets are applicable for all contracts above Rs 300 crore'

Positives in the new procedures for defence procurement

When speaking at a recent seminar in New Delhi, the Defence Minister, Mr A. K. Antony, spoke of increased transparency in defence deals and tendering process. He highlighted that a major change in DPP-08 (Defence Procurement Procedure-2008) was the inclusion of broad details of the trial methodology forming part of the RFP (request for proposal) so that vendors were aware right at the outset about the modalities for product evaluation.
The much-awaited DPP-08, which supersedes the 2006 policy, carries several key amendments, effective from September 1, 2008, informs Mr K. Ganesh Raj, Industry leader - Defence & Aerospace, Ernst & Young P Ltd.


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