Weapons procurement: 60% from single vendor, says CAG

In a strong censure of the country’s weapons procurement procedure, the CAG on Monday said the process of technical and trial evaluation lacked “objectivty and fair play” and 60% of purchases were made from a single vendor.

NEW DELHI: In a strong censure of the country’s weapons procurement procedure, the CAG on Monday said the process of technical and trial evaluation lacked “objectivty and fair play” and 60% of purchases were made from a single vendor.

There are deficiencies too in formulation of General Staff Qualitative requirements and acute lack of co-ordination in procurment of weapons common to the three services — army, navy and IAF, the CAG said in its latest report tabled in Parliament.

Coming out for the first time with a ‘Performance Audit’ of Defence capital acquisitions, the CAG said: “The process of technical and trial evaluation of weapons system did not demonstrate objectivity and fair play.” The report said that in “60% of cases of army purchases, only a single vendor was pre-qualified”.

The accounting watchdog body’s observation about the new Defence Procurement comes as India, according to official figures tabled in Parliament, spent a staggering Rs 44,009 crore on arms imports in the last three years.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › Politics › Weapons procurement: 60% from single vendor, says CAG
Text Size:AAA
Success
This article has been saved

*

+