After the thumbs up from India Inc to the defence procurement procedure (DPP), defence minister Manohar Parrikar on Tuesday sought to woo global investors, saying the newly unveiled policy provides a
After the thumbs up from India Inc to the defence procurement procedure (DPP), defence minister Manohar Parrikar on Tuesday sought to woo global investors, saying the newly unveiled policy provides a level-playing field for all stakeholders.
“The DPP has raised expectations. I only consider it to be a level-playing field and nothing beyond that. Many of the ideas which could have been executed could not be done so because of the earlier DPP,” he said at a Global Investors’ Summit organised here by Ass-ocham on the sidelines of the ongoing Defence Expo at Betul-Naqueri.
He told the delegates that the new DPP removes several “shackles” and frees the department from procedural tangles.
He had unveiled the new DPP on the first day of the Defence Expo on Monday.
The minister, however, ruled out disinvestment in the defence public sector undertakings or Ordinance Factories as he asserted that there are certain areas where the role of these institutions cannot be taken over by private players.
“The requirement of defence forces prompts us to create capabilities for certain products which may not be required continuously by us. This expertise which is built up cannot be retained by the private sector as it includes costs,” the minister added.
