close
This ad will auto close in 10 seconds

Cost issues holding up artillery guns procurement from US: Govt

The procurement of artillery guns through the Foreign Military Sales (FMS) route from the US government has not progressed due to the cost issues, Rajya Sabha was told on Tuesday.



New Delhi: The procurement of artillery guns through the Foreign Military Sales (FMS) route from the US government has not progressed due to the cost issues, Rajya Sabha was told on Tuesday.

Besides, the vendor's (BAE Systems) proposal is also not fully compliant to the offset requirements, Rajya Sabha was informed today.

"The case of procurement of artillery guns through the Foreign Military Sales (FMS) route from the US Government has not progressed due to the cost issues and vendor's (M/s BAE Systems) proposal not being fully compliant to the offset requirement," Defence Minister Manohar Parrikar said in a written a reply to a question in Rajya Sabha.

All capital procurements are carried out as per the Defence Procurement Procedure (DPP), which contains stringent provisions aimed at ensuring the highest degree of probity, public accountability and transparency, the minister said.

From Zee News

0 Comment - Join the Discussions

trending

photo gallery

video

DNA EXCLUSIVES

SBI Life IPO: India's first billion-dollar IPO in 7 years opens today, 5 points to know

Purging the realty sector: Implementing a strong RERA can help weed out the problems

Mumbai locals stuck in the '80s, overhauling ailing suburban rail system top priority: Piyush Goyal

Gurugram school episode holds a mirror to our society

Appeal for help: I’m Struggling To Save My 45-Day-Old Baby Girl