(Video) Rajya Sabha TV (RSTV) The Big Picture: DRDO's New Procurement Manual

Topic: DRDO's New Procurement Manual

Guest:

W. Selvamurthy, (Former Chief Controller, R&D, Defence Research and Development)
Ratan Srivastava, (Defence Industry Expert)
Ajay Banerjee, (Defence Correspondent, The Tribune)

Topic Description:

Defence Minister Rajnath Singh released a new version of the Defence Research and Development Organisation (DRDO) Procurement Manual 2020 on Tuesday. The previous Procurement Manual was modified in 2016. This is being done to encourage more participation of Indian industry, including start-ups and micro, small & medium enterprises (MSMEs) in defence research and development, the statement added. Some more enabling measures of PM-2020 are exemption of bid security and performance security up to Rs. 10 lakh, no negotiations for commercial off-the-shelf items/services wherever price discovery is happening through market forces.