Defence ministry calls for creation of non-lapsable fund to accelerate buying weapons
Updated : April 09, 2018 02:34 PM IST
The defence ministry usually has funds at the time of deciding on a procurement, but the money lapses when a supplier is chosen and the procurement is about to begin.
The defence ministry’s demand comes shortly after the armed forces raised red flags over non-availability of funds for modernising the armed forces.
Defence minister Nirmala Sitharaman said the government is trying to ease defence procurement process for Indian companies by fast tracking the testing of prototypes of weapon systems.