| Publication |
2014.
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| Summary/Abstract |
With changes in policy clearly stating that in all future acquisitions of defence equipment, the first priority would be given to Indian companies both private and public, a number of private companies such as L&T, Bharat Forge, Mahindra Defence Systems, Tata Powers and Punj Lloyd have taken the plunge and are forging JVs with renowned global defence equipment manufacturing companies especially those related to manufacture of 155mm/52 caliber artillery Howitzers of all types. There is also an urgent need to quickly revise the present blacklisting policy of the government which is retrograde in its application and is doing more harm than good to the procurement process. Imposing of severe financial penalties on the company rather than banning, would yield better results and ensure that the acquisition of major/critical weapon systems does not suffer - an existing practice in many countries. The Naresh Chandra Committee on defence reforms has addressed this issue and the Government must act on it.
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