DRDO

Rajnath unveils new version of DRDO”s procurement manual to engage pvt sector in defence R&D

By Outlook

Defence Minister Rajnath Singh on Tuesday unveiled a new version of the procurement manual of the premier military research institute DRDO featuring simplified procedures for involvement of the private sector in various research and development projects.

Defence ministry officials said the new version of the manual has been brought out to encourage participation of private industry, including start-ups and micro, small and medium enterprises in defence research in sync with the government”s ‘Atmanirbhar Bharat’ (self-reliant India) initiative.

All deals, projects and research initiatives in DRDO are guided by the procurement manual.

The government has already announced its vision to make India a global hub of defence manufacturing, and initiated a series of reform measures to encourage the domestic defence industry.

“The procurement manual-2020 will facilitate faster execution of R&D projects/programmes. The modified features in the manual will go a long way to facilitate participation of industry in various R&D projects,” the defence ministry said.

Some of the salient features of the new manual include increase of threshold limit for advance payment, placement of order on second lowest bidder (L2) in case lowest bidder L1 backs out and ”bid security declaration option” for depositing earnest money.

Facebook Comments

Source
Outlook
Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close
Close