💨 Abstract

Defence Secretary Rajesh Kumar Singh aims to double the value of contracts signed by the Ministry of Defence this fiscal year, with the intent of crossing Rs 2 lakh crore. He highlighted the need for shorter procurement timelines and ensuring accountability, while emphasizing that foreign players must manufacture in India to secure contracts. The focus is on finalizing Requests for Proposal, shortening evaluation trials, and speeding up cost negotiations to expedite contract signing.

Courtesy: theprint.in

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