Defence Ministry delegates capital procurement powers to Armed Forces
– globalbihari bureau
New Delhi: In a significant move, the Defence Acquisition Council (DAC) decided to delegate the powers for progressing urgent capital acquisition cases upto Rs 300 crores to the Armed Forces to meet their emergent operational requirements.
The decision to this effect was taken at a Special Meeting of the DAC under the Chairmanship of Defence Minister Rajnath Singh on Wednesday. A Defence Ministry press release said the move was made while considering the security environment “due to prevailing situation along the Northern Borders and the need to strengthen the Armed Forces for the Defence of our borders”.
‘This will shrink the procurement timelines and ensure placement of orders within six months and commencement of deliveries within one year,” it added.