The aim of Defence Procurement and Production is to ensure quality, timeliness and value for money in provision of defense equipment to the Armed Forces. The existing Defence Procurement Procedure have been operative since 1992, with only marginal updates or changes. These pertain to two processes acquisitions on the capital account and purchases on the revenue account. Recently new system and broad structures have been announced. However, the operating procedures have not been defined; these would necessarily need to be set out and modernized. Indigestion and Self Reliance have been the cardinal goals of India`s policy of fulfilling defense requirements. To be self sufficient, a country must not only have the material resources but also the expertise to undertake design and development.
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