From warships to transport aircraft, India now can formally take military equipment on lease from a friendly country. Ministry of Defence has come up with a new Defence Procurement Procedure (DPP) 2020 wherein “leasing” provision has been introduced as a new category for acquisition to existing ‘buy and make’ categories.
Unveiling the Draft Defence Procurement Procedure 2020 on Friday, Defence Minister Rajnath Singh said, “I had constituted a review committee in August 2019 to revise the present DPP-2016. It gives me satisfaction to announce that the draft of DPP 2020 has been prepared.”
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