With a view to develop the Micro, Small and Medium Enterprises (MSME) sector, the WB govt will soon launch a procurement policy to increase "ancillarisation and vendor linkage", CM Mamata Banerjee said on Monday.
Notwithstanding opposition from BJP for having `life cycle cost` clause in tenders for military hardware, IAF advocated for the new defence procurement policy saying it will help the country in getting full value for its money.
Defence Minister AK Antony on Wednesday
said the government was considering a proposal to include transfer of technology as offsets under the procurement policy and expand their scope to a few other sectors.
India will bring out its new Defence Procurement Policy (DPP) on November 1 to promote joint ventures or co-production arrangements for big foreign original equipment manufacturers (OEMs) with domestic firms.