Defence Minister Rajnath Singh rescues new DRDO Procurement Manual

Defence Minister Rajnath Singh has endorsed a new Defense Research and Development Organization Procurement Manual (PM) 2020 to empower more cooperation by the industry, including new companies and Micro, Small and Medium Enterprises (MSME), in research and development and to accomplish the target of confidence in the defense.

“The new DRDO PM-2020 will facilitate the indigenous defence industry by simplifying the processes and ensure their participation in design and development activities,” Mr. Singh said after the release. It would contribute towards realising the objective of ‘Atmanirbhar Bharat,’ he said. The DRDO PM was last modified in 2016.

Offer security presentation choice for a sincere cash deposit, increment of threshold limit for advance payment, placement of order on lowest bidder 2 (L2) in the event that L1 (least bidder) retreats are some of the striking features of the new manual, which will help the industry in rapid execution of projects, a DRDO explanation said.

The PM-2020 likewise excludes offer security and performance security up to ₹10 lakh and gets rid of the prerequisite for negotiations for commercial off-the-rack items or services any place value revelation is going on through market influences. Furthermore, performance security for service contracts is connected to the payment cycle, rather than total agreement esteem.

A considerable lot of the inner systems have been additionally rearranged for quicker commitment with the industry, DRDO included.

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Times of Chennai journalist was involved in the writing and production of this article.