Centre has approved major changes to the Defence Procurement Procedure( DPP) DAC chaired by Defence Minister Manohar Parrikar gave its approval to the changes. The new DPP will streamline defence acquisitions and give a big impetus to indigenisation through the ‘Make in India’ initiative. New procedure envisages : New category called ‘IDDM’ or ‘Indigenously Designed, Developed and Manufactured’ platforms to promote domestic manufacturing, including government funding for Research & Development . IDDM is divided into 2 sub-categories : 1.It will be mandatory to have 40 per cent local content in case the design is also indigenous. 2.In case the design is not Indian, 60 per cent local content will be mandatory. Recognition of the Micro, Small and Medium Enterprises in technology development. It increase in contract threshold from Rs 300 crore to Rs 2,000 crore for offsets. It allows government funds up to 90 per cent of deve...
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